Raspberry Pi Holdings (RPI) Stock Overview
Designs and develops single-board computers, compute module, and semiconductors in the United Kingdom, Europe, the United States, Asia Pacific, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
RPI Community Fair Values
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Analyst Price Targets
Raspberry Pi Holdings plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£6.36 |
| 52 Week High | UK£10.82 |
| 52 Week Low | UK£2.54 |
| Beta | 0.47 |
| 1 Month Change | -4.87% |
| 3 Month Change | 0.71% |
| 1 Year Change | 56.60% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 65.06% |
Recent News & Updates
Narrative Update • Aug 13
RPI: Higher Revenue Assumptions Will Support Future Semiconductor Investment Execution
Raspberry Pi Holdings' analyst price targets have moved from £5.50 to a range centered around £6.50 to £6.70, with analysts pointing to expectations for stronger revenue growth, while also expressing caution over fragmented customers, high memory costs and planned semiconductor-related capital expenditure. Analyst Commentary Recent research on Raspberry Pi Holdings reflects a mix of optimism and caution, with price targets clustered around £6.50 to £6.70 and ratings set at Hold.
Narrative Update • Jul 30
RPI: New CFO Appointment And Higher P/E Expectations Will Support Upside
Raspberry Pi Holdings' narrative update reflects analysts lifting their price target from £5.50 to £6.50 per share, citing revised fair value assumptions and updated P/E expectations as key drivers of the change. What's in the News for Raspberry Pi Holdings Raspberry Pi Holdings plc announced the appointment of Tim Powell as Chief Financial Officer of the Board, effective 16 October 2026.
Narrative Update • Jul 16
RPI: Higher Multiple Expectations Will Likely Pressure Future Share Returns
In this Narrative Update on Raspberry Pi Holdings, the analyst price target is described as moving from £5.50 to £6.50 per share, with analysts pointing to refreshed assumptions around fair value and future P/E as key reasons for the change. What's in the News Raspberry Pi Holdings completed a follow on equity offering of 10,909,090 ordinary shares at £5.50 per share, raising about £60.0m under Regulation S and Rule 144A.Narrative Update • Jul 02
RPI: Elevated Multiple And Lower Margins Will Pressure Future Returns
Analysts have raised their fair value estimate for Raspberry Pi Holdings, resulting in a higher implied price target that now matches the recent increase in the Street target to £6.50 from £5.50. They cite updated assumptions on revenue growth, profit margins, the discount rate and future P/E multiples.Recent updates
Narrative Update • Aug 13
RPI: Higher Revenue Assumptions Will Support Future Semiconductor Investment Execution
Raspberry Pi Holdings' analyst price targets have moved from £5.50 to a range centered around £6.50 to £6.70, with analysts pointing to expectations for stronger revenue growth, while also expressing caution over fragmented customers, high memory costs and planned semiconductor-related capital expenditure. Analyst Commentary Recent research on Raspberry Pi Holdings reflects a mix of optimism and caution, with price targets clustered around £6.50 to £6.70 and ratings set at Hold.Narrative Update • Jul 30
RPI: New CFO Appointment And Higher P/E Expectations Will Support Upside
Raspberry Pi Holdings' narrative update reflects analysts lifting their price target from £5.50 to £6.50 per share, citing revised fair value assumptions and updated P/E expectations as key drivers of the change. What's in the News for Raspberry Pi Holdings Raspberry Pi Holdings plc announced the appointment of Tim Powell as Chief Financial Officer of the Board, effective 16 October 2026.Narrative Update • Jul 16
RPI: Higher Multiple Expectations Will Likely Pressure Future Share Returns
In this Narrative Update on Raspberry Pi Holdings, the analyst price target is described as moving from £5.50 to £6.50 per share, with analysts pointing to refreshed assumptions around fair value and future P/E as key reasons for the change. What's in the News Raspberry Pi Holdings completed a follow on equity offering of 10,909,090 ordinary shares at £5.50 per share, raising about £60.0m under Regulation S and Rule 144A.Narrative Update • Jul 02
RPI: Elevated Multiple And Lower Margins Will Pressure Future Returns
Analysts have raised their fair value estimate for Raspberry Pi Holdings, resulting in a higher implied price target that now matches the recent increase in the Street target to £6.50 from £5.50. They cite updated assumptions on revenue growth, profit margins, the discount rate and future P/E multiples.Narrative Update • Jun 18
RPI: Raised Price View And Equity Issuance Will Pressure Future Returns
The updated analyst price target on Raspberry Pi Holdings has been raised to £6.50 from £5.50. Analysts cite revised assumptions around fair value, discount rate, revenue growth, profit margin and future P/E to support the change.Narrative Update • Jun 02
RPI: Rich P/E And Equity Raise Will Constrain Future Returns
Analysts have adjusted their price target on Raspberry Pi Holdings to £4.08. They link this change to updated assumptions for the discount rate, revenue growth, profit margins and future P/E, even though the fair value estimate remains at £4.08.Narrative Update • May 11
RPI: Rich P/E And Weaker Margins Will Pressure Future Returns
Analysts have raised their fair value estimate for Raspberry Pi Holdings from £3.03 to £4.08, reflecting updated assumptions on revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News Raspberry Pi Holdings completed a follow on equity offering of £59,999,995, issuing 10,909,090 ordinary shares at £5.50 per share under Regulation S and Rule 144A (company filing).Narrative Update • Apr 23
RPI: Equity Offering And Margin Pressure Will Limit Future Share Upside
Analysts have trimmed their fair value estimate for Raspberry Pi Holdings slightly to £4.59 from £4.60, reflecting updated assumptions around revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Raspberry Pi Holdings completed a follow on equity offering of £60.0 million, issuing 10,909,090 ordinary shares at £5.50 under Regulation S and Rule 144A (Key Developments).Narrative Update • Apr 09
RPI: On-Device AI Push Will Face Lower Margins And Rich Earnings Multiple
Analysts have lifted their price target for Raspberry Pi Holdings by roughly £0.10 per share, reflecting updated assumptions for fair value, discount rate, revenue, profit margin and future P/E. What's in the News Issued earnings guidance for Fiscal Year 2026, indicating full-year profitability is anticipated to be in line with market estimates, while revenue is expected to be materially higher than those estimates (corporate guidance).Narrative Update • Mar 26
RPI: On Device AI Edge Expansion Will Drive Future Upside
Analysts have modestly adjusted their price outlook on Raspberry Pi Holdings, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a slightly lower future P/E multiple. These changes together reshape how they value the company in £ terms.Narrative Update • Mar 10
RPI: On-Device AI Expansion Will Meet Stable Margins And Muted Repricing
Analysts have slightly revised their fair value assumptions for Raspberry Pi Holdings, with the latest work on discount rates, revenue growth, profit margins and future P/E multiples feeding through to a modest change in the implied long term price target for the shares, expressed in £ terms. What's in the News Raspberry Pi Holdings launched the Raspberry Pi AI HAT+ 2, an add on board for Raspberry Pi 5 that expands the company's on device AI capabilities, following the earlier Pi AI HAT+ introduced in October 2024 (Key Developments).Narrative Update • Feb 24
RPI: AI Edge Ambitions Will Face Margin And Valuation Headwinds
Analysts have trimmed their price target on Raspberry Pi Holdings to £2.94 from £3.86, reflecting updated assumptions for slightly higher discount rates, stronger projected revenue, a lower profit margin and a more moderate future P/E of 34.55x. What's in the News Raspberry Pi Holdings announced the Raspberry Pi AI HAT+ 2 for Raspberry Pi 5, an add-on board aimed at expanding on-device AI capabilities, including support for generative AI workloads (Key Developments).Narrative Update • Feb 10
RPI: On Device AI Expansion Will Support Future Upside
Analysts have trimmed their implied fair value estimate for Raspberry Pi Holdings slightly. The updated price target now reflects modestly higher discount rate assumptions and only small tweaks to revenue growth, profit margin and future P/E expectations.Narrative Update • Jan 27
RPI: AI Expansion And CFO Transition Will Support Future Upside
Narrative Update on Raspberry Pi Holdings The analyst price target for Raspberry Pi Holdings has been revised lower to reflect updated views on fair value, a higher assumed future P/E multiple, and changes to expected revenue growth and profit margins, with analysts highlighting a rebalanced mix of growth and profitability assumptions behind the move. What's in the News Raspberry Pi Holdings launched the Raspberry Pi AI HAT+ 2, an add on board for Raspberry Pi 5 that expands the company's on device AI capabilities into generative AI workloads, using the Hailo 10H neural network accelerator with 8GB of dedicated DRAM and support for large language and vision language models (Key Developments).Narrative Update • Jan 12
RPI: CFO Succession And Refined Assumptions Will Support Future Upside
Narrative Update on Raspberry Pi Holdings Analysts have trimmed their implied price target for Raspberry Pi Holdings by aligning fair value slightly lower at £6.14. This reflects updated assumptions that incorporate modest adjustments to the discount rate, revenue growth, profit margin and future P/E expectations.Analysis Article • Jan 06
Estimating The Fair Value Of Raspberry Pi Holdings plc (LON:RPI)
Key Insights Raspberry Pi Holdings' estimated fair value is UK£3.24 based on 2 Stage Free Cash Flow to Equity With...Narrative Update • Dec 27
RPI: Revenue Outlook Will Support Confidence Despite Upcoming Finance Leadership Transition
Narrative Update on Raspberry Pi Holdings Analysts have trimmed their price target on Raspberry Pi Holdings from £6.54 to £6.27. This reflects the impact of a slightly higher discount rate and modestly lower margin expectations, partly offset by stronger projected revenue growth.Narrative Update • Dec 13
RPI: Cloud Endpoint Shift Will Drive Stronger Outlook Despite Margin Pressure
Narrative Update on Raspberry Pi Holdings Analysts have modestly reduced their price target on Raspberry Pi Holdings from approximately £4.41 to £3.86, citing slightly lower expected profit margins and valuation multiples that more than offset a small uplift in forecast revenue growth. What's in the News Chief Financial Officer Richard Boult plans to step down in the second half of 2026 after seven years with Raspberry Pi Holdings, with a formal search underway to manage an orderly succession and support the next phase of growth (company announcement).Analysis Article • Oct 06
Raspberry Pi Holdings (LON:RPI) Might Be Having Difficulty Using Its Capital Effectively
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Narrative Update • Sep 24
Edge Computing And Digital Transformation Will Unlock New Opportunities
Despite improved revenue growth forecasts, a sharply lower valuation multiple (Future P/E) has led to a notable reduction in Raspberry Pi Holdings’ consensus analyst price target from £5.64 to £4.96. Valuation Changes Summary of Valuation Changes for Raspberry Pi Holdings The Consensus Analyst Price Target has significantly fallen from £5.64 to £4.96.Analysis Article • Sep 04
Raspberry Pi Holdings plc (LON:RPI) Not Lagging Industry On Growth Or Pricing
Raspberry Pi Holdings plc's ( LON:RPI ) price-to-sales (or "P/S") ratio of 4.1x may look like a poor investment...New Narrative • Jun 15
Edge Computing And Digital Transformation Will Unlock New Opportunities
Expansion into industrial OEMs, new product launches, and global partnerships positions Raspberry Pi for sustained growth and stronger market presence.Analysis Article • May 28
Investors Appear Satisfied With Raspberry Pi Holdings plc's (LON:RPI) Prospects As Shares Rocket 28%
Raspberry Pi Holdings plc ( LON:RPI ) shareholders are no doubt pleased to see that the share price has bounced 28% in...Analysis Article • Apr 08
Raspberry Pi Holdings plc's (LON:RPI) 30% Share Price Plunge Could Signal Some Risk
Raspberry Pi Holdings plc ( LON:RPI ) shareholders that were waiting for something to happen have been dealt a blow...Analysis Article • Apr 01
Is Raspberry Pi Holdings plc (LON:RPI) Worth UK£4.7 Based On Its Intrinsic Value?
Key Insights Raspberry Pi Holdings' estimated fair value is UK£3.69 based on 2 Stage Free Cash Flow to Equity Current...Shareholder Returns
| RPI | GB Tech | GB Market | |
|---|---|---|---|
| 7D | -10.0% | -3.8% | -1.2% |
| 1Y | 56.6% | 2.3% | 16.6% |
Return vs Industry: RPI exceeded the UK Tech industry which returned 6.1% over the past year.
Return vs Market: RPI exceeded the UK Market which returned 17% over the past year.
Price Volatility
| RPI volatility | |
|---|---|
| RPI Average Weekly Movement | 13.6% |
| Tech Industry Average Movement | 6.0% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.4% |
| 10% least volatile stocks in GB Market | 2.6% |
Stable Share Price: RPI's share price has been volatile over the past 3 months compared to the UK market.
Volatility Over Time: RPI's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 140 | Eben Upton | www.raspberrypi.com |
Raspberry Pi Holdings plc designs and develops single-board computers, compute module, and semiconductors in the United Kingdom, Europe, the United States, Asia Pacific, and internationally. The company provides computers and microcontrollers, cameras and displays, add-on boards, power supplies and cables, cases, and peripherals. It offers Raspberry Pi Connect, a secure remote access solution for Raspberry Pi OS which allows to connect to your Raspberry Pi desktop from any browser; Raspberry Pi Desktop for any PC or Apple Mac computer; Raspberry Pi Imager, which installs Raspberry Pi OS and other operating systems to a microSD card and OS software products; and Raspberry Pi OS, a supported operating system for organizations.
Raspberry Pi Holdings plc Fundamentals Summary
| RPI fundamental statistics | |
|---|---|
| Market cap | UK£1.23b |
| Earnings (TTM) | UK£16.03m |
| Revenue (TTM) | UK£238.83m |
76.8x
P/E Ratio5.2x
P/S RatioIs RPI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RPI income statement (TTM) | |
|---|---|
| Revenue | US$323.20m |
| Cost of Revenue | US$245.40m |
| Gross Profit | US$77.80m |
| Other Expenses | US$56.10m |
| Earnings | US$21.70m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.11 |
| Gross Margin | 24.07% |
| Net Profit Margin | 6.71% |
| Debt/Equity Ratio | 0% |
How did RPI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/18 12:21 |
| End of Day Share Price | 2026/08/18 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Raspberry Pi Holdings plc is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Byrne | Berenberg |
| Robert Sanders | Deutsche Bank |
| Janardan Menon | Jefferies LLC |