1 Unusual Warren Buffett Growth Stock Down 52% to Buy in 2024
In September 2020, Berkshire Hathaway made an unusual move. The famous investment conglomerate bought stock in a company at its initial public offering (IPO) -- something it hadn't done since Warren Buffett became the company's CEO in May 1965.
Most likely under the advisement of one of Buffett's top investment lieutenants, Berkshire invested $735 million in Snowflake (NYSE: SNOW) at a price of $120 per share. While the company's stock has battled through volatility and is back to trading well above that level, it's still down 24% from its price at market close on the day of its IPO. Even more striking, the company's share price is down 52% from the high that it reached in February 2021.
If you're looking for Buffett-backed investment opportunities with explosive potential, read on to see why investing in Snowflake while it's still down big would be a smart move.
Source Fool.com
Berkshire Hathaway Inc. A Aktie
Leichtes Buy-Überwiegen bei Berkshire Hathaway Inc. A im Vergleich zu Sell-Einschätzungen.
Das Kursziel von 650000 € für Berkshire Hathaway Inc. A weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 605500.0 € hin.
