Buffett bagged a handsome gain on Chubb, but the stock corrected soon after this news was out.In this article, we will take a look at the best S&P 500 value stocks to buy.), last month. The news sent Chubb's share price soaring 8.4% in two trading sessions, as investors scrambled to follow the Oracle of Omaha's lead.
This is where tools like InvestingPro fair value can help. This exclusive indicator analyzes various valuation models and provides a target price for each stock based on its financial data and cash flow. Chubb shares underwent a sharp correction in the first quarter of 2023, losing more than 20% from peak to trough. However, on March 19, 2023, when the stock was close to its annual low of $186.8, Fair Value valued the stock at $268.06, giving it an upside potential of 43.5%.
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