Warren Buffett’s Berkshire Hathaway Has Held Moody’s Corporation (MCO) Since 2010

Moody’s Corporation (NYSE:MCO) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.

Moody’s Corporation (NYSE:MCO) is one of the largest ratings agencies in the world. Berkshire Hathaway disclosed holding 28.4 million shares of the firm in Q4 2010. Back then, these shares were worth $754 million. By Q4 2013, the number of shares had dipped to 24.6 million, and it has stood there since then. In Q4 2013, the shares were worth $1.9 billion, and the same amount is now worth a whopping $10.7 billion courtesy of a $473 average share price.

Warren Buffett's Berkshire Hathaway Has Held Moody’s Corporation (MCO) Since 2010

Mizuho discussed Moody’s Corporation (NYSE:MCO)’s shares on April 27th. It reduced the share price target to $521 from $524 and kept a Neutral rating on the stock. Mizuho’s coverage came after Moody’s Corporation (NYSE:MCO) reported its first-quarter earnings. As part of the results, the ratings agency posted $2.1 billion in revenue and $4.33 in earnings per share, both of which beat analyst estimates. BMO discussed Moody’s Corporation (NYSE:MCO)’s AI implementation and expressed optimism about its ability to help with data management. Consequently, the firm bumped the share price target to $489 from $463 and kept a Market Perform rating on the stock.

While we acknowledge the risk and potential of MCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MCO and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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