- Roth Capital analyst Richard Baldry upgraded Rimini Street Inc RMNI to Buy from Neutral with an $8 price target, suggesting an upside of 53%.
- The shares are down 57% versus their highs and trading at only 1.1-times run-rate revenues.
- The analyst does believe recent staccato growth results are likely to continue to temper a return to former highs but views his price target as offering an attractive potential return.
- Price Action: RMNI shares traded higher by 4.61% at $5.22 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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