UBS Raises Berkshire Hathaway PT to $892,120, Maintains Buy Rating

UBS Raises Berkshire Hathaway PT to $892,120, Maintains Buy Rating

July 02, 2025 - UBS has increased its price target on Berkshire Hathaway Inc. (NYSE: BRKa) (NYSE: BRK-A) to $892,120, maintaining a Buy rating. This upward revision is driven by improved performance in the company’s insurance operations, particularly in the second quarter of 2025 [1].

The investment firm has adjusted its earnings per share (EPS) estimates for both "B" and "A" shares. The second-quarter 2025 EPS estimate for "B" shares has been raised to $5.06 from $5.00, and for "A" shares, it has been increased to $7,595 from $7,493. This improvement is primarily attributed to better-than-expected results in the insurance segment [1].

UBS also notes that GEICO is expected to show an improved expense ratio, while Berkshire Hathaway Reinsurance Group (NYSE: RGA) should benefit from lower catastrophe losses during the quarter. Additionally, the firm has reduced revenue expectations for BNSF based on the latest volumes [2].

For the full year 2025, UBS now projects EPS of $19.97 for "B" shares, up from $19.92, and $29,955 for "A" shares, up from $29,882. The firm forecasts sequential growth of 1.8% in book value per share for the second quarter of 2025 [2].

UBS does not model any share buybacks for Berkshire in 2025/26, noting that the company’s shares currently trade at a 4% premium to intrinsic value, compared to an average 18% discount during previous buyback periods [1, 2].

References:
[1] https://www.investing.com/news/analyst-ratings/ubs-raises-berkshire-hathaway-stock-price-target-to-595-on-insurance-gains-93CH-4147885
[2] https://www.investing.com/news/analyst-ratings/ubs-raises-berkshire-hathaway-stock-price-target-to-892120-93CH-4148680