Alliance Global Partners Maintains Buy on Rimini Street, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Brian Kinstlinger has maintained a Buy rating on Rimini Street (NASDAQ:RMNI) but lowered the price target from $5.5 to $4.5.

May 03, 2024 | 6:23 pm
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Alliance Global Partners maintains a Buy rating on Rimini Street but lowers the price target from $5.5 to $4.5.
The maintenance of a Buy rating suggests a positive outlook on RMNI's fundamentals or growth prospects, while the reduction in price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to a neutral short-term impact on RMNI's stock price as investors weigh the continued endorsement against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100