Raspberry Pi Holdings Future Growth
Future criteria checks 3/6
Raspberry Pi Holdings is forecast to grow earnings and revenue by 10.4% and 21.2% per annum respectively. EPS is expected to grow by 9.2% per annum. Return on equity is forecast to be 9.9% in 3 years.
Key information
10.4%
Earnings growth rate
9.16%
EPS growth rate
| Tech earnings growth | 15.3% |
| Revenue growth rate | 21.2% |
| Future return on equity | 9.87% |
| Analyst coverage | Low |
| Last updated | 06 May 2026 |
Recent future growth updates
Recent updates
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...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 661 | 28 | 21 | 48 | 3 |
| 12/31/2027 | 588 | 21 | 19 | 43 | 3 |
| 12/31/2026 | 501 | 16 | 10 | 32 | 3 |
| 12/31/2025 | 323 | 22 | -12 | 6 | N/A |
| 9/30/2025 | 287 | 16 | -8 | 12 | N/A |
| 6/30/2025 | 251 | 10 | -4 | 18 | N/A |
| 3/31/2025 | 255 | 11 | -15 | 7 | N/A |
| 12/31/2024 | 260 | 12 | -26 | -3 | N/A |
| 9/30/2024 | 290 | 21 | -32 | -8 | N/A |
| 6/30/2024 | 321 | 31 | -37 | -12 | N/A |
| 3/31/2024 | 293 | 31 | -19 | 4 | N/A |
| 12/31/2023 | 266 | 32 | -2 | 21 | N/A |
| 12/31/2022 | 188 | 17 | 4 | 14 | N/A |
| 12/31/2021 | 141 | 15 | -7 | 1 | N/A |
| 12/31/2020 | 100 | 17 | -3 | 11 | N/A |
| 12/31/2019 | 52 | 7 | 11 | 12 | N/A |
| 12/31/2018 | 36 | 9 | N/A | 8 | N/A |
| 12/31/2017 | 34 | 13 | N/A | N/A | N/A |
| 12/31/2016 | 20 | 11 | N/A | N/A | N/A |
| 12/31/2015 | 12 | 5 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RPI's forecast earnings growth (10.4% per year) is above the savings rate (3.4%).
Earnings vs Market: RPI's earnings (10.4% per year) are forecast to grow slower than the UK market (12.1% per year).
High Growth Earnings: RPI's earnings are forecast to grow, but not significantly.
Revenue vs Market: RPI's revenue (21.2% per year) is forecast to grow faster than the UK market (4.5% per year).
High Growth Revenue: RPI's revenue (21.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RPI's Return on Equity is forecast to be low in 3 years time (9.9%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 16:27 |
| End of Day Share Price | 2026/05/08 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.
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Industry and Sector Metrics
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Analyst Sources
Raspberry Pi Holdings plc is covered by 4 analysts. 3 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 |
|---|---|
| Robert Sanders | Deutsche Bank |
| Janardan Menon | Jefferies LLC |
| Charles Hall | Peel Hunt LLP |