Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic partnership with American Digital to provide comprehensive software support and managed services for enterprise software running on HPE infrastructure in North America.
Cost Savings and Innovation: The collaboration aims to help customers save up to 90% on total software maintenance costs while ensuring stable software operations and compliance, allowing integration of modern technologies like AI without vendor upgrades.
Client Success Story: Regal Rexnord, a sustainable energy product manufacturer, has benefited from this partnership, highlighting the trust and commitment to excellence shared between the companies, which enhances their digital transformation efforts.
Leadership Insights: Executives from both Rimini Street and American Digital emphasize the importance of cost savings, flexibility, and tailored solutions to redefine service excellence and drive measurable outcomes for clients.
RMNI
$4.06+Infinity%1D
Analyst Views on RMNI
Wall Street analysts forecast RMNI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMNI is 6.13 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast RMNI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMNI is 6.13 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.090
Low
5.00
Averages
6.13
High
7.00
Current: 4.090
Low
5.00
Averages
6.13
High
7.00
TD Cowen
Derrick Wood
Hold
downgrade
$6 -> $5
2025-10-31
Reason
TD Cowen
Derrick Wood
Price Target
$6 -> $5
2025-10-31
downgrade
Hold
Reason
TD Cowen analyst Derrick Wood lowered the firm's price target on Rimini Street to $5 from $6 and keeps a Hold rating on the shares. The firm said they reported a mixed 3Q with revenue, margins and earnings below estimates, but billings slightly above along with healthy RPO growth. Rimini remains in a transition phase as new growth vectors, most notably NOW partnership and VMware support,are unlikely to move the needle until 2026+
Roth Capital
Richard Baldry
Buy
maintain
$5
2025-07-10
Reason
Roth Capital
Richard Baldry
Price Target
$5
2025-07-10
maintain
Buy
Reason
Roth Capital analyst Richard Baldry raised the firm's price target on Rimini Street (RMNI) to $6.50 from $5 and keeps a Buy rating on the shares. The company disclosed a proposed settlement with Oracle (ORCL) that could end 15 years of litigation, the analyst tells investors in a research note. The firm says that while the settlement leaves Rimini receiving a smaller legal fee repayment than a prior court ruling envisioned, ending its "costly" litigation and returning to a focus on growth is a "material net positive" for shares. Roth incorporated lower legal costs and an improved long-term growth outlook into the model.
Craig-Hallum
Jeff Van Rhee
Hold
to
Strong Buy
Upgrades
$2 → $6
2024-12-17
Reason
Craig-Hallum
Jeff Van Rhee
Price Target
$2 → $6
2024-12-17
Upgrades
Hold
to
Strong Buy
Reason
Craig-Hallum upgraded Rimini Street to Buy from Hold with a $6 price target.
About RMNI
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription and fee-based software services offer enterprise software licensees a choice of solutions that replace or supplement the support products and services offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
