Raspberry Pi (LON:RPI) Earns “Buy” Rating from Jefferies Financial Group

Raspberry Pi (LON:RPI)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued on Friday, Digital Look reports. They currently have a GBX 960 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 34.93% from the company’s current price.

RPI has been the topic of several other research reports. Berenberg Bank restated a “hold” rating and set a GBX 670 price objective on shares of Raspberry Pi in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 760.

Raspberry Pi Price Performance

Shares of LON:RPI traded down GBX 43.50 during midday trading on Friday, reaching GBX 711.50. The company had a trading volume of 1,401,612 shares, compared to its average volume of 2,084,722. The stock has a market capitalization of £1.38 billion, a P/E ratio of 64.68 and a beta of 0.45. The stock’s fifty day moving average price is GBX 625.02 and its 200-day moving average price is GBX 642.73. Raspberry Pi has a one year low of GBX 253.80 and a one year high of GBX 1,082.

Key Headlines Impacting Raspberry Pi

Here are the key news stories impacting Raspberry Pi this week:

• Positive Sentiment: Record first-half performance: Revenue rose 90% to $256.9 million, shipments reached 4.2 million units, and profit increased sharply, supported by strong industrial demand and higher volumes. Management also expects full-year EBITDA to exceed market expectations. Reuters article
• Positive Sentiment: Demand visibility improved: Raspberry Pi’s order book reportedly doubled, suggesting stronger future revenue visibility and continued demand for its computing products. Investors’ Chronicle article
• Positive Sentiment: Jefferies remains bullish: Jefferies reaffirmed its “buy” rating and set a GBX 960 price target, citing improved forecasts after the strong results. The target implies substantial upside from recent trading levels. Ticker Report article
• Neutral Sentiment: Analysts are divided: Berenberg reaffirmed its “hold” rating with a GBX 670 price target, indicating a more cautious view of the shares’ near-term upside.
• Negative Sentiment: Profit sustainability is a concern: Some coverage noted that part of the profit surge benefited from inexpensive memory, a potential one-off tailwind that may fade. After the recent rally, investors may also be reassessing Raspberry Pi’s elevated valuation and locking in gains. AskTraders article

Raspberry Pi Company Profile

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world.

Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.

That’s not all we do.