1 Warren Buffett Stock That Could Go Parabolic in 2024
Warren Buffett isn't known for making bold bets on fast-growing tech stocks. The billionaire investor has a reputation for sticking with companies whose earnings and cash flow trends are predictable well into the future. That's much easier to do with a company like Coca-Cola than it is for one like Nvidia.
Yet Buffett's Berkshire Hathaway has held onto a big investment into another tech stock that, like Nvidia, is a member of the "Magnificent Seven." Let's look at some reasons why Berkshire Hathaway might be holding onto Amazon (NASDAQ: AMZN) as an excellent long-term growth investment.
The e-commerce titan's late-April earnings report was packed with good news for investors, including positive revenue trends. Amazon added $16 billion to its sales footprint in the quarter, translating into a 13% increase year over year. Cash trends were just as impressive, though, and point to potentially massive earnings growth ahead.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Berkshire Hathaway Inc. A is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 13.04% for Berkshire Hathaway Inc. A compared to the current price of 575000.0 €.
