This Warren Buffett Stock Has Plunged 85%. Is It a No-Brainer Buy Right Now?
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has absolutely trounced the market since Warren Buffett took control six decades ago. Much of the conglomerate's success has been the result of smart stock picking by Buffett -- or as he would prefer to say, business picking.
Not all of the stocks added to Berkshire's portfolio have performed well, though. Paramount Global (NASDAQ: PARA) has especially been a big loser, with its shares plunging 85% from its previous peak. But is this beaten-down Buffett stock a no-brainer buy right now?
Much of Paramount's steep decline came in just a few days in March 2021. Then known as ViacomCBS, the company announced it was issuing $3 billion in new shares, with some of the money going toward funding new streaming content. Diluting the value of existing shares usually causes stocks to fall, and that's what happened in this case.
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.
