KBW cut Berkshire Hathaway target to USD 700,000 for Berkshire Hathaway stock

Published on 10/19/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KBW's Meyer Shields kept an underperform rating on October 14, 2026. Berkshire Hathaway stock costs EUR 473.90 on October 19, 2026.

Company results and valuation

KBW cut its Berkshire Hathaway target from USD 740,000 to USD 700,000 on October 14, 2026.
Second-quarter revenue reached USD 101.81 billion, up 10.00 percent from a year earlier.
Berkshire Hathaway stock traded at EUR 473.90 at 10:16 a.m. CEST on October 19, 2026.

Schwarzweiß-Reportagefoto eines langen Güterzugs auf der amerikanischen Prärie — Berkshire Hathaway (B) Güterzug ISIN US0846707026 – Schwarzweiß-Reportage einer Frachtbahn im amerikanischen Midwest, Illustration mit AI erstellt.

Berkshire Hathaway (ISIN US0846707026) was trading at EUR 473.90 at Lang & Schwarz on October 19, 2026, at 10:16 a.m. CEST. The Economic Times reported that Keefe, Bruyette & Woods cut its Berkshire Hathaway Class A target from USD 740,000 to USD 700,000 in a report dated October 14, 2026.

KBW flags insurance pressure

KBW also downgraded Berkshire Hathaway to underperform from market perform. The report cited lower car-insurance margins, tariffs, lower interest rates, smaller clean-energy tax credits and Warren Buffett's departure as risks to the valuation.

The target cut came after a second-quarter report that showed both operating progress and earnings volatility. Financial Report Insights said Berkshire reported USD 101.81 billion of revenue for the second quarter of 2026, up 10.00 percent from USD 92.52 billion a year earlier.

What does the target cut mean?

The earnings mix explains the caution. Second-quarter GAAP net income reached USD 25.67 billion, while operating earnings excluding investment gains rose 16.30 percent to USD 12.98 billion. The same report said GEICO's underwriting profit weakened as claims and operating costs increased.

Three dated developments frame the stock. On July 24, 2026, Berkshire closed the USD 6.80 billion Taylor Morrison acquisition, according to Financial Report Insights. On August 10, 2026, its second-quarter filing reported USD 25.67 billion in net income. On October 14, 2026, KBW cut its target to USD 700,000, as reported by The Economic Times.

Next results dates differ

The Economic Times said third-quarter results were expected on November 1, 2026. Investing.com listed November 2, 2026 as a tentative reporting date.

Stock valuation and market scale

Berkshire's market capitalization was USD 1.1 trillion on October 16, 2026. Its Class B stock had a 52-week range of USD 464.01 to USD 537.74 on that date, putting the latest primary-market quote of USD 532.14 within 5.00 percent of the high.

Berkshire Hathaway was trading at EUR 473.90 at Lang & Schwarz on October 19, 2026, at 10:16 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Berkshire Hathaway stock.