UBS Adjusts Price Target on Berkshire Hathaway, Maintains Buy Rating

UBS has maintained a buy rating on Berkshire Hathaway (BRK.A) while raising its price target to $942,405 from $906,011 as of October 22, 2026. The firm anticipates modest year-over-year growth in operating earnings for the third quarter, driven by non-insurance businesses, despite weaker insurance underwriting results. Key contributors to this growth are expected to be BNSF Railway and Berkshire Hathaway Energy. The stock is currently valued at approximately 16 times earnings, aligning with the S&P 500 Index when considering the company's significant cash reserves.