Yes! Raspberry cream cheese frosting will keep well in the refrigerator for up to a week. It can also be frozen for up to 3 months. Store the frosting in an airtight container and allow it time to come to room temperature before using. If the frosting has been refrigerated or frozen, it's a good idea to beat it for a couple of minutes with an electric mixer before using to bring back its light, airy, and consistently creamy texture.