Berkshire Hathaway shares rallied to their highest levels in eight months this week, with the B shares closing Tuesday at $512.37 and the Class A shares at $768,010, both marking their highest closes since November 28, 2025. Despite this surge, the shares remain 5.2% (B shares) and 5.3% (A shares) below their all-time closing highs set in May 2025, shortly before Warren Buffett announced his intention to step down as CEO at the end of 2025 [1].
The rally has been attributed in part to strong performance from Berkshire's largest equity holdings. Apple, the company's top portfolio position, is now valued at over $70 billion and has risen 13.6% year-to-date. Coca-Cola, Berkshire's third largest holding at $35 billion, has jumped 25% year-to-date, with recent earnings beating expectations and an upgraded full-year outlook. Bank of America, valued at nearly $32 billion, is up 12.6% on the year [1].
Berkshire's stock remains "well behind" the S&P 500, which is 7.6 percentage points ahead, although Berkshire has erased more than half of its 17.5 percentage point deficit from two months ago. The company is also lagging competitors in the railroad and insurance sectors [1].
UBS analyst Brian Meredith raised his price target for Berkshire's B shares to $585 (from $570) and A shares to $877,848 (from $854,596), maintaining a "buy" rating and slightly increasing earnings estimates. Meredith also highlighted a Barron's report suggesting Berkshire may have repurchased as much as $11 billion of its stock in Q2, with the actual figure to be confirmed when Berkshire releases its second-quarter results on August 8. Berkshire repurchased $234 million of shares in Q1 2026. As of March 31, Berkshire's cash holdings stood at $397.4 billion, up 6.5% from December 31, and $380.2 billion excluding rail cash and subtracting T-bills payable, up 3.0% from December 31. The company's market capitalization is $1.1 trillion, and the B shares have a trailing P/E of 15.23 [1].
CONCLUSION
Berkshire Hathaway's shares have reached their highest levels in eight months, buoyed by strong gains in key portfolio holdings and positive analyst sentiment. While the stock still trails the S&P 500 and sector competitors, recent upgrades and potential buybacks suggest further upside. Investors will be closely watching the upcoming second-quarter results for confirmation of buyback activity and continued momentum.