Rimini Street (RMNI) Gains Momentum With SP ENW and Tidewater ERP Wins

Core Insights - Rimini Street, Inc. is identified as an undervalued technology penny stock with significant potential for investment [1] - The company has made strides in partnerships with SP Electricity North West and Tidewater, enhancing its service offerings and market position [2][3] Group 1: Partnership Developments - SP Electricity North West has resolved SAP system challenges by switching to Rimini Support, resulting in substantial cost savings and improved system reliability [2] - The partnership with Tidewater has expanded to include comprehensive ERP solutions, supporting Tidewater's growth in energy exploration and production [3][4] Group 2: Financial Performance and Analyst Insights - TD Cowen analyst Derrick Wood has reaffirmed a Hold rating on Rimini Street with a price target of $5, noting a mix of positives and challenges in the company's outlook [5] - The company's long-term guidance appears strong, with FY26 revenue and margin projections exceeding prior estimates, although near-term Q4 expectations have fallen short [5] Group 3: Company Overview - Rimini Street, Inc. specializes in enterprise software support and managed services for critical applications, including Oracle and SAP [6]