Berenberg Bank Reaffirms Hold Rating for Raspberry Pi (LON:RPI)

Raspberry Pi (LON:RPI)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a report issued on Friday, Digital Look reports. They presently have a GBX 670 price target on the stock. Berenberg Bank’s target price would indicate a potential downside of 5.83% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group upped their target price on shares of Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their price target on Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Raspberry Pi presently has an average rating of “Hold” and an average target price of GBX 760.

Raspberry Pi Price Performance

Shares of RPI traded down GBX 43.50 on Friday, hitting GBX 711.50. The company’s stock had a trading volume of 1,401,612 shares, compared to its average volume of 2,084,722. The company has a market capitalization of £1.38 billion, a PE ratio of 64.68 and a beta of 0.45. The company has a 50 day moving average price of GBX 625.02 and a 200 day moving average price of GBX 642.73. Raspberry Pi has a fifty-two week low of GBX 253.80 and a fifty-two week 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

About Raspberry Pi

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.