Raspberry Pi rises 11% as Jefferies lifts forecasts with 'buy' rating

What Brokers Say Tech Written by: Ian Lyall 06:59 Thu 24 Sep 2026 --> Edited by: Jamie Ashcroft Proactive has a commercial relationship with Raspberry Pi Holdings PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Raspberry Pi Holdings PLC ( LSE:RPI ) View Price & Profile Raspberry Pi rises 11% as Jefferies lifts forecasts with 'buy' rating Published: 06:59 24 Sep 2026 EDT Raspberry Pi Holdings PLC (LSE:RPI) shares rose 11% to 704.00p, with Jefferies raising forecasts following strong first-half results and rating the company 'buy'. The broker has a 960p price target, citing resilient demand despite higher selling prices. The company expects higher board volumes in the second half, with its order backlog doubling to 2.6 million during the first half. Jefferies raised its 2026 revenue forecast by 9% to $655 million and its adjusted EBITDA estimate by 16% to $64 million. It also raised its forecast for annual board sales by 3.5% to 8.8 million, along with higher assumptions for selling prices and accessory and component revenues. Underlying those increases, first-half revenue rose 90% to $256.9 million, supported by 17% growth in board volumes and a 42% increase in average selling prices. Jefferies identified smart home devices and defence products as the biggest demand drivers, while expanding semiconductor sales and artificial intelligence applications support its positive longer-term view. However, the broker expects lower second-half profitability than in the first half, when cheaper memory inventory acquired in 2025 generated an exceptional gain of almost $15 million. That benefit is not expected to recur in the second half or in 2027, leaving Jefferies forecasting just 4% growth in adjusted EBITDA next year. Continue reading