Raspberry Pi’s (RPI) “Buy” Rating Reaffirmed at Jefferies Financial Group

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

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

Raspberry Pi Price Performance

RPI traded down GBX 43.50 on Friday, reaching GBX 711.50. 1,401,612 shares of the company’s stock were exchanged, compared to its average volume of 2,084,722. Raspberry Pi has a twelve month low of GBX 253.80 and a twelve month high of GBX 1,082. The stock’s fifty day moving average price is GBX 625.02 and its 200-day moving average price is GBX 642.73. The stock has a market cap of £1.38 billion, a PE ratio of 64.68 and a beta of 0.45.

Trending Headlines about Raspberry Pi

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

• Positive Sentiment: Raspberry Pi reported record first-half results, with revenue rising 90% to $256.9 million, shipments reaching 4.2 million units and profit surging on stronger volumes and industrial demand. Management also expects full-year EBITDA to exceed market expectations. Reuters article
• Positive Sentiment: The company’s order book reportedly doubled, reinforcing expectations for continued demand and supporting the investment case following the strong first half. Investors’ Chronicle article
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and raised or maintained a GBX 960 price target, citing improved forecasts after the results. The broker’s stance helped drive the earlier share-price rally. Ticker Report article
• Neutral Sentiment: Berenberg reaffirmed its “hold” rating with a GBX 670 target, signaling that it views much of the positive news as reflected in the valuation. TipRanks article
• Negative Sentiment: Investors may be taking profits after the sharp post-results advance. Commentary also cautioned that the boost from unusually cheap memory may fade, while Raspberry Pi trades at a high earnings multiple, increasing sensitivity to any slowdown in growth. 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.