Berkshire Hathaway buyback binge fuels UBS price target hike ahead of earnings Proactive uses images sourced from ShutterstockBerkshire Hathaway Inc (NYSE:BRK.A) shares are trading at an 8% discount to intrinsic value, UBS said, raising its price target on the conglomerate ahead of its second-quarter earnings release. UBS lifted its target to $877,848 for Class A shares from $854,596, and to $585 for Class B shares. The bank also raised its 2Q26 earnings estimates to $7,973 per A-share and $5.32 per B-share, both up 3%, citing heavier buybacks, stronger results at BNSF railroad and lower catastrophe losses in insurance. UBS estimates Berkshire repurchased about $8.5 billion of stock between April 15 and July 14, based on a 13D/A filing tied to Warren Buffett's charitable stock donation. Berkshire Hathaway Energy is expected to post revenue up 5% and pre-tax operating earnings up 31%, while the manufacturing, service and retailing segment is seen growing earnings 3.9%.