To navigate the tricky market in the new year, investors may benefit from studying the equity portfolio of none other than Warren Buffett of Berkshire Hathaway — especially the stocks that Wall Street analysts also love. CNBC looked for high-confidence names in Buffett’s stock portfolio through the end of September, according to the Berkshire Hathaway portfolio tracker. Then, we examined the stocks with the biggest upsides for their average analyst price targets. It should be noted that some of these stocks may be picked from Buffett’s investment representatives Todd Combs and Ted Wechsler, who also manage Berkshire’s billions. The Omaha-based conglomerate owned $471 million in Brazilian fintech Nu Holdings at the end of the third quarter. The stock is well liked among analysts, with 60% of them giving it a buy rating. On average, analysts expect the stock to climb 31% over the next 12 months. Buffett began buying oil giant Occidental Petroleum last year, with North holding a 20% stake after receiving regulatory approval to buy a 50% stake in the company. Occidental was the best-performing stock in the S&P 500 benchmark in 2022, up more than 100%. Even with the massive runup, analysts still expect the oil company to gain more than 20% over the next 12 months to its average price target. At the end of September, the “Oracle of Omaha” owned a $700 million stake in T-Mobile, a stock he has held since 2020. Wall Street analysts are bullish on the company, with the stock expected to rise more than 20% next year. Year. Buffett also took a large stake in Activision Blizzard in a merger arb play, betting that its $69 billion acquisition of Microsoft would be successful. However, Berkshire reduced its stake by 12% in the third quarter as regulatory difficulties mounted over the deal. The Federal Trade Commission has filed a lawsuit to block the transaction. Analysts also have high hopes for e-commerce giant Amazon, with the stock forecast to rise nearly 18% over the next 12 months. As of September, Berkshire held a $1.2 billion stake in the company. Amazon on Thursday reported better-than-expected revenue for the fourth quarter, but issued first-quarter guidance that came in light of estimates.
Analysts Say Warren Buffett Owns These Stocks That Are Poised To Profit
