Rimini Street initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of Rimini Street (RMNI) with a Buy rating and $6 price target The company is now operating without “legal distractions and difficult comparisons just as artificial intelligence is starting to become a major tailwind,” the analyst tells investors in a research note. Lucid sees Rimini’s revenue growth inflecting to positive revenue in 2026 and believes the shares are “significantly undervalued.”