UK's Raspberry Pi Holdings gains on FY profit beat

Raspberry PI Holdings

02/04/2025 08:55

** Raspberry Pi RPI.L gains 6.5% to 501.5p; among top pct gainers on FTSE 250 .FTMC index

** British single-board computer maker narrowly beats FY core profit estimates, helped by sales of its flagship Raspberry Pi5 and semiconductor units

** Jefferies upgrades to "buy" from "hold"; only brokerage with "buy", per data compile by LSEG

** Brokerage sees recovery from inventory issues and growth from new products

** Stock rated "hold" on avg; median PT is 522.50p

** Stock down 20.3% this year, as of last close

 (Reporting by Rashika Singh)

 ((Rashika.singh@thomsonreuters.com))