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An announcement from Raspberry PI Holdings plc ( (GB:RPI) ) is now available.
Raspberry Pi Holdings plc has applied for a block listing of 13,580,092 ordinary shares on the London Stock Exchange, under the Raspberry Pi 2024 Long Term Incentive Plan. This move is aimed at supporting various share awards, including performance share plans and market value options for the executive and wider workforce, reflecting the company’s commitment to incentivizing its team and aligning with its strategic growth objectives.
The most recent analyst rating on (GB:RPI) stock is a Hold with a £4.60 price target. To see the full list of analyst forecasts on Raspberry PI Holdings plc stock, see the GB:RPI Stock Forecast page.
Spark’s Take on GB:RPI Stock
According to Spark, TipRanks’ AI Analyst, GB:RPI is a Neutral.
The overall stock score is primarily influenced by solid financial performance and strategic corporate governance. However, the high P/E ratio and technical indicators suggest caution. The company’s strong governance and recent AGM outcomes provide a positive outlook, though challenges in profitability and cash flow need addressing.
To see Spark’s full report on GB:RPI stock, click here.
More about Raspberry PI Holdings plc
Raspberry Pi Holdings plc, headquartered in Cambridge, UK, is a full-stack engineering organization specializing in high-performance, low-cost computing platforms. The company serves three primary markets: Industrial and Embedded, Enthusiast and Education, and Semiconductors. With a mission to provide accessible computing solutions, Raspberry Pi has sold over 60 million units worldwide.
Average Trading Volume: 242,148
Technical Sentiment Signal: Strong Sell
Current Market Cap: £866.1M
See more insights into RPI stock on TipRanks’ Stock Analysis page.