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 Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 7.97% compared to the current price of 602000.0 € for Berkshire Hathaway Inc. A.
