Cloud Migration Will Shrink Legacy Demand While Efficiency Emerges

AN

AnalystLowTarget

Not Invested

Community Contributor

Published

23 Jun 25

Updated

31 May 26

Views

6

31 May

US$4.12

AnalystLowTarget's Fair Value

US$4.50

8.4% undervalued

1Y

30.8%

7D

-3.5%

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1Y

30.8%

7D

-3.5%

You can edit this narrative until Jun 1 3:10 PM. Then, changes will post as Updates.

Author's Valuation

US$4.58.4% undervalued

AnalystLowTarget Fair Value

Shared on 31 May 26

RMNI: Client Wins And Earnings Visibility Will Support Future Upside Potential

Rimini Street lands new customers and extends contracts by helping companies cut their software support costs and redirect that budget into areas like AI, security, and cloud projects. It also gives fresh earnings guidance, but analyst targets swing back and forth as the market debates how steady future results will be.

1 view

Shared on 15 May 26

Fair value Increased 5.88%

RMNI: Client Wins And Buybacks Will Support Future Upside Potential

Rimini Street signals confidence by buying back shares and pointing to new and expanded customer deals, as clients look to cut software support costs and free up budget for other projects. Analysts are split on how smoothly the company can deliver on its plans, but some now see a bit more upside if momentum holds and profits don’t disappoint.

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Shared on 17 Mar 26

RMNI: AI Automation And Client Wins Will Drive Future Upside

Analysts have kept their Rimini Street price target steady at $4.25, citing only minor refreshed assumptions around discount rate, revenue growth, profit margin, and future P/E that do not materially change their overall view of the stock’s valuation. What's in the News Flexitech, a French automotive hose manufacturer, selected Rimini Support for SAP ECC 6 to extend the life of its current ERP system, redirect support savings toward cybersecurity, TISAX compliance and manufacturing modernization, and maintain flexibility for potential expansion or acquisitions (Client announcement).

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Shared on 03 Mar 26

Fair value Decreased 5.56%

RMNI: AI And Automation Projects Will Drive Future Upside Potential

Analysts have nudged their price target on Rimini Street slightly lower to $4.25 from $4.50, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that modestly adjust their overall valuation view. What's in the News KleanNara in South Korea selected Rimini Street to support SAP ECC 6 and Oracle Database systems, consolidating ERP support under one provider to reduce annual vendor fees and improve support responsiveness, while redirecting savings to projects such as AI, cloud expansion and IoT adoption (Client Announcements).

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Shared on 17 Feb 26

Fair value Decreased 10%

RMNI: AI Workflow Automation And Buybacks Will Support Future Upside

Analysts have reduced their fair value estimate for Rimini Street from $5.00 to $4.50, as slightly higher discount rate assumptions and a lower future P/E estimate more than offset modestly higher projected revenue growth and a small adjustment to profit margin expectations. What's in the News LF, a lifestyle company in South Korea, chose Rimini Support for SAP ECC 6.0 and Oracle Database to consolidate support, cut maintenance costs and maintain operational stability during a complex data center relocation (Client announcement).

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Shared on 03 Feb 26

RMNI: AI Workflow Automation Partnerships Will Drive Future Upside Potential

Analysts have made only modest adjustments to their price targets for Rimini Street, reflecting slightly updated assumptions on the discount rate, revenue growth, profit margin and future P/E. The fair value estimate remains steady at approximately $5.00 per share.

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Shared on 19 Jan 26

RMNI: Expanding ERP Support Partnerships Will Drive Future Upside Potential

Analysts have kept their price target for Rimini Street at US$5.00, citing only small tweaks to assumptions on discount rate, revenue growth, profit margin and forward P/E that they view as too minor to justify a change in valuation. What's in the News SP Electricity North West reported resolving SAP system challenges after partnering with Rimini Street, highlighting the company as a support provider for complex ERP environments (Client announcement).

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Shared on 05 Jan 26

RMNI: Expanded Partnerships And Share Repurchases Will Support Future Upside Potential

Analysts have kept their price target for Rimini Street steady at US$5.00, citing only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that did not justify a change in their valuation view. What's in the News Rimini Street expanded its partnership with Tidewater.

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Shared on 15 Dec 25

Fair value Decreased 17%

RMNI: Expanded Partnerships And Buybacks Will Support Long Term Upside Potential

Analysts have reduced their price target on Rimini Street from approximately 6.00 dollars to 5.00 dollars, citing expectations of higher discount rates, more modest long term profit margins, and a richer future earnings multiple despite stronger projected revenue growth. What's in the News Rimini Street expanded its partnership with Tidewater, underscoring demand for its third party enterprise software support despite ongoing Oracle related litigation and macroeconomic risks (Client Announcements).

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Valuator

Company Info

Notes

AnalystLowTarget Fair Value

US$4.5

8.4% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

5.97%

Historical revenue growth rate

3.84%

Software revenue growth rate

1.55%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.15%

Calculation

US$21.26m

Earnings '29

x

25.29x

PE Ratio '29

=

US$537.58m

Market Cap '29

US$537.58m

Market Cap '29

/

92.69m

No. shares '29

=

US$5.80

Share Price '29

US$5.80 Share Price '29

Discounted to 2026 @ 9.10% p.a.

=

US$4.47

Fair Value '26