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Benzinga

Anusuya Lahiri

Rimini Street Shares Gain On Roth Capital Upgrade

Roth Capital RMNI Nasdaq

Roth Capital analyst Richard Baldry upgraded Rimini Street Inc (NASDAQ: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.

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