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The latest announcement is out from Rimini Street ( (RMNI) ).
On July 7, 2025, Rimini Street, Inc. and Oracle Corporation reached a confidential settlement agreement to resolve their ongoing legal disputes, specifically the Rimini II case. This settlement includes financial terms where Oracle will remit approximately $37.8 million back to Rimini, and both parties agree to a litigation standstill during the wind-down period of Rimini’s PeopleSoft services, which is expected to conclude by July 31, 2028. The settlement aims to provide a comprehensive resolution to the legal issues between the two companies, maintaining the existing injunctions while allowing Rimini to continue its operations under defined conditions.
The most recent analyst rating on (RMNI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.
Spark’s Take on RMNI Stock
According to Spark, TipRanks’ AI Analyst, RMNI is a Neutral.
Rimini Street’s score reflects its financial struggles, despite positive momentum and strategic initiatives. The most significant risks are its financial instability and ongoing litigation, counterbalanced by potential growth through partnerships and operational improvements.
To see Spark’s full report on RMNI stock, click here.
More about Rimini Street
Rimini Street, Inc. operates in the enterprise software support industry, providing third-party support services for Oracle and other enterprise software products. The company focuses on offering an alternative to the direct maintenance services provided by software vendors like Oracle.
Average Trading Volume: 283,186
Technical Sentiment Signal: Hold
Current Market Cap: $366.2M
Find detailed analytics on RMNI stock on TipRanks’ Stock Analysis page.