Rimini Street Shares Gain on Roth Capital Upgrade

Roth Capital analyst Richard Baldry upgraded Rimini Street Inc. to Buy from Neutral with an $8 price target, suggesting an upside of 53 percent.

The shares are down 57 percent 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.

By Anusuya Lahiri

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