Rimini Street price target raised to $4.75 from $4.50 at Alliance Global

Alliance Global Partners raised the firm’s price target on Rimini Street (RMNI) to $4.75 from $4.50 and keeps a Buy rating on the shares. The company’s sales execution in Q3 was better than expected, the analyst tells investors in a research note. The firm believes Rimini’s valuation “reflects catastrophe ahead” with the Oracle (ORCL) litigation. It sees some headwinds “but nothing of that magnitude to warrant this steep discount.” Alliance Global views the stock as oversold at current levels.