Berkshire Hathaway stock enters the Buffett succession era

Berkshire Hathaway stock (ISIN US0846707026) was trading at USD 505.33 on the NYSE on September 28, 2026, at 10:45 a.m. ET, down 0.03 percent from the prior session. The main company event is a leadership transition announced by Berkshire Hathaway on September 18, 2026.

Succession changes the chair

Warren E. Buffett became chairman emeritus while remaining a director, and Howard G. Buffett became chairman of the board. Greg Abel remains chief executive officer, leaving the operating role separate from the board transition.

The release describes the change as part of Berkshire's succession plan. For investors, that division matters because it preserves Abel's executive responsibility while assigning Howard Buffett responsibility for the board chair.

Second quarter growth sets benchmark

Berkshire reported USD 101.8 billion of revenue for the second quarter of 2026, a 10.00 percent increase from the same quarter a year earlier, according to Yahoo Finance. Operating earnings reached USD 13.0 billion, up 16.30 percent year over year, and revenue exceeded consensus by 6.80 percent.

The mix was important. Insurance and other revenue rose 10.10 percent to USD 88.5 billion, while manufacturing, service and retailing revenue increased 15.20 percent to USD 61.5 billion in the reported quarter.

Analyst target stays above the market

UBS raised its Berkshire Class B price target from USD 585.00 to USD 604.00 on August 10, 2026, while maintaining a Buy rating, according to Yahoo Finance. The new target lies 19.53 percent above the September 28 trading price, giving the succession story a measurable valuation reference.

Stock remains below yearly high

At USD 505.33, Berkshire Class B stood 6.03 percent below its 52-week high of USD 537.74 and 8.91 percent above its 52-week low of USD 464.01. The session range was USD 503.43 to USD 507.24, with volume of 630,290 shares at 10:45 a.m. ET.

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