Buffett's Investment Philosophy: Warren Buffett advocates buying wonderful companies at fair prices, emphasizing the importance of long-term compounding and a margin of safety in investing.
Macquarie's Analysis: Analysts at Macquarie Equity Research challenged Buffett's philosophy by developing a model to assess company fundamentals and valuation, concluding that fair companies at wonderful prices outperform wonderful companies at fair prices.
Back-Test Results: The analysis involved back-testing three categories of stocks over 30 years across 10 global markets, showing that focusing on valuation-driven opportunities is effective for investors.
Limitations of the Study: Despite its findings, Macquarie's methodology does not fully capture Buffett's investment philosophy, as it overlooks intangible factors like brand strength and the concept of durable compounding.
BRK.A
$749120+Infinity%1D
Analyst Views on BRK.A
Wall Street analysts forecast BRK.A stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRK.A is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BRK.A stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRK.A is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 758900.010
Low
Averages
High
Current: 758900.010
Low
Averages
High
TD Cowen
Hold
maintain
$479 -> $481
2025-11-12
Reason
TD Cowen
Price Target
$479 -> $481
2025-11-12
maintain
Hold
Reason
TD Cowen raised the firm's price target on Berkshire Hathaway to $481 from $479 and keeps a Hold rating on the shares. The firm updated its model following Q3 results.
Keefe Bruyette
NULL -> Underperform
downgrade
2025-11-03
Reason
Keefe Bruyette
Price Target
2025-11-03
downgrade
NULL -> Underperform
Reason
Keefe Bruyette lowered the firm's price target on Berkshire Hathaway to $695,000 from $700,000 and keeps an Underperform rating on the shares.
UBS
Buy
maintain
2025-11-03
Reason
UBS
Price Target
2025-11-03
maintain
Buy
Reason
UBS raised the firm's price target on Berkshire Hathaway to $892,758 from $890,002 and keeps a Buy rating on the shares.
UBS
Buy
maintain
$593 -> $595
2025-11-03
Reason
UBS
Price Target
$593 -> $595
2025-11-03
maintain
Buy
Reason
UBS raised the firm's price target on Berkshire Hathaway Class B to $595 from $593 and keeps a Buy rating on the shares. Results from the Insurance segment beat the firm's estimates across the board, supported by better than expected reserve releases and minimal catastrophe losses in the quarter, the analyst tells investors in a research note.
About BRK.A
Berkshire Hathaway Inc. and its subsidiaries are engaged in diverse business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Its segments include Insurance, Burlington Northern Santa Fe (BNSF), Berkshire Hathaway Energy (BHE), Pilot Travel Centers (Pilot), Manufacturing, McLane Company (McLane), and Service and retailing. The Insurance segment includes GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. The BNSF segment includes the operation of railroad systems in North America. BHE segment offers regulated electric and gas utilities and real estate brokerage activities. Manufacturing segment manufacturers various products, such as industrial, consumer and building products. The McLane segment is engaged in wholesale distribution of groceries and non-food items. The Pilot segment is an operator of travel centers in North America and a marketer of wholesale fuel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
