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Roth MKM Keeps Their Buy Rating on Rimini Street (RMNI)

Tipranks - Tipranks - Sat Feb 21, 9:08AM CST

In a report released yesterday, Richard Baldry from Roth MKM reiterated a Buy rating on Rimini Street, with a price target of $6.50.

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Baldry covers the Technology sector, focusing on stocks such as Gloo Holdings, Inc. Class A, eGain, and Salesforce. According to TipRanks, Baldry has an average return of 13.4% and a 53.81% success rate on recommended stocks.

In addition to Roth MKM, Rimini Street also received a Buy from Alliance Global Partners’s Brian Kinstlinger in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Rimini Street (NASDAQ: RMNI).

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Based on Rimini Street’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $103.43 million and a net profit of $2.77 million. In comparison, last year the company earned a revenue of $104.67 million and had a GAAP net loss of $43.1 million

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