Craig-Hallum Downgrades Rimini Street to Hold, Announces $3 Price Target
Portfolio Pulse from richadhand@benzinga.com
Craig-Hallum analyst Jeff Van Rhee has downgraded Rimini Street (NASDAQ:RMNI) from Buy to Hold and set a price target of $3.
July 27, 2023 | 1:27 pm
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Rimini Street has been downgraded from Buy to Hold by Craig-Hallum, with a new price target of $3.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. The new price target of $3 also indicates a potential decrease in the stock's value. This could negatively impact the stock's price in the short term.
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