1 Growth Stock Down 67% to Buy Right Now
Many individual investors take their cues from Warren Buffett. That's why it might have been noteworthy when it was revealed that Berkshire Hathaway completely sold off its stake in the luxury furniture retailer RH (NYSE: RH) during the first quarter of 2023. The initial reaction might be to follow Buffett's actions.
Shares of RH remain under pressure as they're down 67% from their all-time high. Investors are likely worried about the economic slowdown and its effect on the business in the near term. Taking this into account, this is still a growth stock to consider buying right now, even with Buffett no longer a shareholder.
Let's take a closer look at why.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€564,000
-0.700%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 15.25% compared to the current price of 564000.0 € for Berkshire Hathaway Inc. A.
