Raspberry Pi (LON:RPI) Stock Breaks Above 200-Day Moving Average – What’s Next?

Raspberry Pi Holdings (LON:RPI) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 574.58 and traded as high as GBX 593. Raspberry Pi shares last traded at GBX 580, with a volume of 379,249 shares.

Wall Street Analysts Forecast Growth

RPI has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 960 price objective on shares of Raspberry Pi in a research note on Friday, September 25th. Berenberg Bank restated a “hold” rating and set a GBX 670 price target on shares of Raspberry Pi in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Raspberry Pi has an average rating of “Hold” and a consensus price target of GBX 760.

Raspberry Pi Stock Performance

The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 31.64 and a beta of 0.45. The company has a 50 day moving average price of GBX 601.16 and a two-hundred day moving average price of GBX 577.23.

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.