Berkshire shares rise to eight-month high ahead of earnings report

Berkshire Hathaway shares climbed to their highest level in eight months this week, raising hopes that the stock could continue its upward momentum. 

The rally comes months after legendary investor Warren Buffett stepped down as CEO at the end of 2025, handing leadership to Greg Abel.

Class B shares closed at $512.37, while Class A shares ended at $768,010, their highest closing levels since November. Even so, the stock remains about 5% below its record high reached in May 2025. 

Analysts say Berkshire still has room to grow because it has narrowed the gap with the S&P 500 over the past two months.

The company’s investment portfolio has also strengthened. Its largest holding, Apple, has gained 13.6% this year, while Coca-Cola has surged 25% after reporting strong earnings and raising its annual forecast. Bank of America, another major holding, has climbed 12.6%.

Adding to the optimism, UBS raised its price target for Berkshire shares and kept a “buy” rating.

Investors are now focused on Berkshire’s August 8 earnings report, which could confirm that the company reportedly bought back up to $11 billion of its own stock during the second quarter.