Rimini Street: Litigation Overhang Removed but Modest Growth Keeps Shares Fairly Valued at Hold
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Rimini Street, a Technology sector company, received a Hold rating from analyst Derrick Wood of TD Cowen, with a price target of $4.25. The rating reflects solid fourth-quarter performance and management's confidence in sales momentum, despite modest overall revenue growth and flat trends in some regions. The removal of litigation overhang and new growth initiatives, including partnerships, may enhance future performance. However, shares are considered fairly valued until a more significant growth acceleration is demonstrated.
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