Warren Buffett's Berkshire Hathaway is firing on all cylinders with a $1 trillion market value in sight, according to UBS.
Analyst Brian Meredith hiked his 12-month price target on the Berkshire Class A shares to $715,000 from $655,000, and Class B shares to $477 from $435.
BRK.A 1Y mountain Berkshire Hathaway Berkshire on Saturday reported a 28% jump in operating earnings in the fourth quarter due to huge gains in its insurance business.
Meanwhile, Berkshire's reinsurance and primary insurance operations continued to look solid and benefit from the current market environment, UBS said.
The conglomerate recently touched consecutive record highs, trading above $647,000 for Class A shares at its peak and boasting a market value above $900 billion.
Persons:
Warren, Berkshire Hathaway, Brian Meredith, Meredith, BRK, Geico
Organizations:
UBS, Berkshire Class, Insurance, Berkshire Hathaway Berkshire, BNSF
Locations:
Omaha, Berkshire