Raspberry Pi is trading 5.01% down at £670.60 after Berenberg initiated coverage on August 12, 2026, with a Hold rating and a 670-pence target price.
- Berenberg cited mixed risk-reward, near-term margin uncertainty, negative free cash flow and elevated memory costs.
- Depleted low-cost inventory and record memory prices could pressure margins during the second half of 2026, weighing on sentiment.
- The bank acknowledged Raspberry Pi’s longer-term growth potential.