Rimini Street Inc Dossier
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SectorInformation Technology IndustrySystems Software Beta (adjusted)1.15 Intrinsic Value $1.33median of 5 methods · middle span $1-$4based on filings through 30 Jun 2026 Market Price $4.29Price as of 1 Oct 2026 Significantly overvaluedIntrinsic value is 69% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (-69%) Data confidence Sign in to view data confidence Market Cap $400.5M Enterprise Value $323.6M Shares Outstanding 95.1M diluted Next Earnings Date29 Oct 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Rimini Street is a pioneer and leading provider of third-party enterprise software support, offering a highly differentiated cost-saving value proposition for Oracle, SAP, and VMware licensees. The company is actively transitioning its portfolio toward high-value managed services and next-generation Agentic AI ERP solutions. However, near-term performance is constrained by the legally mandated wind-down of its Oracle PeopleSoft support business (which must be completed by July 2028) and margin compression from front-loaded investments in AI and new client onboarding. While long-term opportunities in AI-driven ERP modernization are promising, a Hold recommendation is warranted until core growth acceleration clearly offsets the PeopleSoft wind-down and margins stabilize. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$6.50 Mean target$7.00 High · most bullish analyst$8.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $3.0015% The wind-down of PeopleSoft support services occurs faster than core business growth can compensate, leading to flat or declining total revenues. Continued heavy investments in AI solutions fail to yield meaningful near-term contract wins, causing persistent gross margin compression and cash flow deterioration. Base CaseCentral scenario $4.5060% Rimini Street achieves its reiterated full-year 2026 guidance of 4% to 6% revenue growth and Adjusted EBITDA margins of 12.5% to 15.5%. Core support services remain stable, while the PeopleSoft wind-down proceeds in an orderly fashion, keeping the stock valued close to consensus analyst targets. Bull CaseUpside scenario $6.5025% Accelerated adoption of Rimini's Agentic AI ERP and Agentic UX solutions drives high-margin upsells. Large enterprise client wins (TCV > $1M) continue to expand rapidly in North America, driving double-digit billings growth and operating leverage that exceeds the Rule of 20 target. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |