Raspberry Pi Holdings PLC shares rose 11% to 704p after Jefferies upgraded the stock to 'buy' and raised its price target to 960p. The broker increased its 2026 revenue forecast by 9% to $655 million and adjusted EBITDA by 16% to $64 million, citing strong first-half results with a 90% revenue increase driven by higher board volumes and selling prices. Demand from smart home devices and defense sectors, along with growth in semiconductor sales and AI applications, supports a positive outlook. However, Jefferies expects second-half profitability to decline due to the absence of a one-time gain from cheaper memory inventory in H1, forecasting only 4% EBITDA growth in 2027.
Raspberry Pi Holdings PLC shares rose 11% following Jefferies' upgrade and forecast revisions. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 24, 2026 17:41 WIB: out of 150 priced US tech stocks, 17 rose and 128 fell. Notable movers include IONQ Inc at USD 41.24 with a 3.06% decline, Marqeta Inc at USD 15.61 down 3.04%, and Aehr Test Systems at USD 94.43 down 3.03%.
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