diff --git a/clippy_lints/src/returns/let_and_return.rs b/clippy_lints/src/returns/let_and_return.rs
index 0a00981e15be..7029c22b7e57 100644
--- a/clippy_lints/src/returns/let_and_return.rs
+++ b/clippy_lints/src/returns/let_and_return.rs
@@ -45,7 +45,10 @@ pub(super) fn check_block<'tcx>(cx: &LateContext<'tcx>, block: &'tcx Block<'_>)
                         } else {
                             format!("({src})")
                         }
-                    } else if !cx.typeck_results().expr_adjustments(retexpr).is_empty() {
+                    } else if !cx.typeck_results().expr_adjustments(retexpr).is_empty()
+                        // Do not suggest 'as _' for raw pointers; it's an invalid cast
+                        && !cx.typeck_results().expr_ty_adjusted(retexpr).is_raw_ptr()
+                    {
                         if has_enclosing_paren(&src) {
                             format!("{src} as _")
                         } else {
diff --git a/tests/ui/let_and_return.edition2021.fixed b/tests/ui/let_and_return.edition2021.fixed
index e89e4476bf82..6412d4884a8a 100644
--- a/tests/ui/let_and_return.edition2021.fixed
+++ b/tests/ui/let_and_return.edition2021.fixed
@@ -271,4 +271,15 @@ fn issue15987() -> i32 {
     r
 }
 
+// https://github.com/rust-lang/rust-clippy/issues/16135
+mod issue16135 {
+    struct S;
+    trait T {}
+    impl T for S {}
+
+    fn f(x: *const S) -> *const dyn T {
+        Clone::clone(&x) as _
+    }
+}
+
 fn main() {}
diff --git a/tests/ui/let_and_return.edition2024.fixed b/tests/ui/let_and_return.edition2024.fixed
index d2c76673ca03..c96d7fc3bad4 100644
--- a/tests/ui/let_and_return.edition2024.fixed
+++ b/tests/ui/let_and_return.edition2024.fixed
@@ -271,4 +271,15 @@ fn issue15987() -> i32 {
     r
 }
 
+// https://github.com/rust-lang/rust-clippy/issues/16135
+mod issue16135 {
+    struct S;
+    trait T {}
+    impl T for S {}
+
+    fn f(x: *const S) -> *const dyn T {
+        Clone::clone(&x) as _
+    }
+}
+
 fn main() {}
diff --git a/tests/ui/let_and_return.rs b/tests/ui/let_and_return.rs
index 1af5f8ba5c16..a7d67aa48e3e 100644
--- a/tests/ui/let_and_return.rs
+++ b/tests/ui/let_and_return.rs
@@ -271,4 +271,15 @@ fn issue15987() -> i32 {
     r
 }
 
+// https://github.com/rust-lang/rust-clippy/issues/16135
+mod issue16135 {
+    struct S;
+    trait T {}
+    impl T for S {}
+
+    fn f(x: *const S) -> *const dyn T {
+        Clone::clone(&x) as _
+    }
+}
+
 fn main() {}