Home Most Popular Tech Stocks Berkshire Hathaway B (BRK.B): Don’t Get Duped by Wall Street’s Bullish Hype

Berkshire Hathaway B (BRK.B): Don’t Get Duped by Wall Street’s Bullish Hype

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Before you toss your hard-earned cash into the pit of Wall Street mania, hold your horses and give it a second thought. These brokerage bigwigs might call out “strong buy,” but will that fill your wallet or just paint it pink?

What’s the hubbub about Berkshire Hathaway B? Well, the average brokerage recommendation (ABR) for it stands at 1.67, which falls between a Strong Buy and a Buy. Isn’t that interesting? It’s based on the oh-so-important suggestions made by just three super-duper brokerage firms. And guess what? Two out of these three fellas are all guns blazing with a Strong Buy, that’s a solid 66.7% of the recommendations for ya. What a show! Take a look at this chart! Isn’t it fancy?

Broker Rating Breakdown Chart for BRK.B

Click here to check the price target & stock forecast for Berkshire Hathaway B

But hold on a minute, stop and smell the numbers. Despite these big, fancy “Buy” signs, you better not jump the gun. Why? ‘Cause studies have shown that these could just be candy-coated traps laid out by these firms. Yep, you heard that right. They’ve got skin in the game, so it’s no surprise they wiggle around giving those ‘Strong Buys’ and hardly ever a ‘Sell’ nudge. It’s like asking the barber if you need a haircut. Their interests don’t exactly align with yours, mate. So, take their sweet nothings with a pinch of salt.

So, if you wear a poker face and want to hit the jackpot, how about giving Zacks Rank a spin? I’m telling ya, it’s a life-saver! It’s like a crystal ball, but for stocks. And hey, don’t confuse it with ABR. They might sound similar, but they’re as different as apples and oranges.

And speaking of Zacks Rank, the numbers are looking good for Berkshire Hathaway B. The Zacks Consensus Estimate for the current year has perked up by 3.4% over the last month to $16.36. Analysts seem to be shooting rainbows over this stock’s potential, what with their thumbs-up for higher EPS estimates. And guess what? It’s a Zacks Rank #2 (Buy) for Berkshire Hathaway B. Golly, isn’t that something to consider?

Go ahead and check the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here

So, the ABR says “Buy,” and the Zacks Rank gives it a thumbs-up. Things might be looking rosy for Berkshire Hathaway B after all. Maybe it’s worth a thought, huh?

7 Best Stocks for the Next 30 Days

All that glitters is not gold. But these 7 elite stocks? Experts have handpicked them from a trove of 220 Zacks Rank #1 Strong Buys. They reckon these seven are ‘Most Likely for Early Price Pops.’ You snooze, you lose, mate.

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Pssst! Want the latest recommendations from Zacks Investment Research? Get the free report here

Check out the Free Stock Analysis Report for Berkshire Hathaway Inc. (BRK.B)

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Zacks Investment Research

Please be sure to remember that the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.