Analysts Lower Berkshire Hathaway Target to $477
Berkshire Hathaway stock closed at $407.46 the previous day.
The average price target for BRKB stock in 2024 is now $393.90 with a high forecast of $477.
Analysts have lowered their price target for Berkshire Hathaway stock to $477, according to a report released today by Wall Street research firm Zacks Investment Research.
The new target is down from the previous target of $490, and is based on a survey of 12 analysts who cover the company.
The analysts cited several factors for the lowered target, including the recent decline in the stock market, the company's exposure to the housing market, and the uncertainty surrounding the global economy.
Despite the lowered target, the analysts remain bullish on Berkshire Hathaway's long-term prospects. They believe that the company's strong financial position and diversified businesses will help it to weather the current economic challenges.
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