Warren Buffett Invested $25 Billion of His Portfolio in 2 Stocks That Could Rise 37% and 14% in 2024, According to a Pair of Wall Street Analysts

If you want your investment portfolio to outperform the way Warren Buffett’s has, it’s important to hold stocks for long periods the way he does. When asked what an ideal holding period is for the stocks he adds to Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) equity portfolio, the Oracle of Omaha confidently says “forever” to anyone who will listen.

No matter how long you hold a stock, the price you pay factors into the strength of your return. If you want to invest like Buffett, buying stocks at opportune times is an important part of the strategy.

Now could be a great time to scoop up a pair of Buffett stocks. At recent prices, $24.6 billion of Berkshire’s equity portfolio is invested in two companies that Wall Street has an eye on. Recently updated price targets from a couple of analysts at Citi suggest these stocks can climb 37% and 14% over the next 12 months.

1. Amazon

Buffett trimmed Berkshire’s Amazon (NASDAQ: AMZN) stake by about half a million shares in the third quarter and retained an even 10 million. Ronald Josey, a sell-side analyst at Citi, probably thinks Buffett should have held on to the entire position.

Amazon shares are up about 83% this year, but Josey thinks the rally could run higher still. He recently raised his price target on Amazon to $210, implying a 37% gain over the next 12 months.

Josey is encouraged by Amazon’s dominant position in America’s e-commerce industry. Its third-party retailers are locked into their relationship with Amazon, as evidenced by soaring ad sales. In addition to its standard take rate, Amazon was able to squeeze an extra $12.1 billion worth of ad payments from third-party merchants in the third quarter. That was 26% more than the previous year period, and this isn’t the company’s only big growth driver right now.

Amazon Web Services (AWS) is America’s largest provider of cloud services, and growth has been resilient this year despite a challenging macroeconomic environment. Third-quarter…