Rimini Street price target lowered to $6 from $6.50 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on Rimini Street (RMNI) to $6 from $6.50 and keeps a Buy rating on the shares. The company reported Q1 revenue of $104M, which implies a 2.4% year-over-year decline, but which was slightly better than the firm’s estimate. Even with about 7% of revenue coming from PeopleSoft maintenance that management plans to wind down over three years, the firm sees a return to “modest” revenue growth in 2026, the analyst tells investors.