1 Warren Buffett Stock That Could Go Parabolic in 2024 and Beyond
When Snowflake (NYSE: SNOW) went public in September 2020, the cloud-based data warehousing company gained a lot of attention for two main reasons. First, it was growing like a weed. Second, Warren Buffett's Berkshire Hathaway -- which rarely invests in hypergrowth tech stocks -- acquired 6.13 million shares during its IPO. It still holds that entire position, which accounts for 0.2% of its portfolio, as of this writing.
Berkshire's decision to stick with Snowflake is interesting because it now trades below its IPO price of $120. It more than doubled on its first trade to $245. It soared to an all-time high of $401.89 on Nov. 16, 2021, but now trades at $115. Therefore, the value of Berkshire's Snowflake stake grew from $736 million to $2.46 billion before shrinking back to about $705 million.
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Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
