Berkshire Hathaway Stock Hits New All-Time Highs, Passes Tesla: Analyst Sees More Upside Ahead

Conglomerate Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) shares hit all-time highs Monday on the heels of the company's annual shareholder letter from CEO Warren Buffett.

An analyst sees more upside ahead after the report.

The Berkshire Hathaway Analyst: Keefe, Bruyette & Woods analyst Meyer Shields maintains a Market Perform rating and raised the price target on Class A shares (BRK-A) from $750,000 to $775,000.

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The Analyst Takeaways: Berkshire beat Street estimates for operating earnings per share in the fourth quarter, helped by higher-than-expected insurance underwriting and insurance income, Shields said in a new investor note.

The analyst said the insurance segment, which included strong results from the company's GEICO division, was enough to offset lower-than-expected results from segments like railroads, utilities and energy.

For the consumer products segment, Jazwares was highlighted by the analyst as having lower revenue that offset gains for the company's apparel, footwear and Duracell brands inside the segment.

Shields raises 2025 earnings per share estimates based on higher insurance income.

"We expect the EPS beat and GEICO's strong underwriting results to boost BRK's shares on Monday," Shields said.

While Shields raised the price target, the market perform rating remains with the analyst saying items like ongoing macro uncertainty and the management succession risks potential negatives for the company.

"We don't recommend Berkshire's stock over broader indices."

The analyst is cautious on Berkshire's non-insurance units, which are more likely to have growth and margin expansion in 2026.

"We think that Berkshire's size and diversification point to broadly in-line performance with the S&P 500."

Shields said Buffett's annual shareholder letter "was fairly short and contained little new information."

BRK-A Price Action: Berkshire stock is up 3.93% to $747,000 on Monday, hitting a new all-time high of $749,611.40 earlier in the trading session. The company is now valued at $1.07 trillion and passed Tesla Monday as the eighth highest-valued public company in the world.

Berkshire stock is up 21% over the last year, outpacing the 18.3% gain for the SPDR S&P 500 ETF Trust, which tracks the S&P 500.

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