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Rimini Street Inc. (NASDAQ:RMNI) is one of the 8 best software penny stocks to buy now.

As of the April 6 close, Rimini Street Inc. (NASDAQ:RMNI) had a strongly bullish consensus sentiment. The stock received coverage from 4 analysts, 3 of whom assigned Buy ratings and 1 gave a Hold call. With no Sell rating, the stock has a projected median 1-year price target of $5.58, which leads to an upside potential of more than 62% at the prevailing level.

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On March 31, Rimini Street Inc. (NASDAQ:RMNI) established a multiyear partnership with South Korea’s top rental company, Lotte Rental. The company has been selected by Lotte to curtail its IT-related expense bill and achieve digital transformation by leveraging Rimini Support™ for SAP and Oracle software.

Lotte Rental acknowledges that with Rimini’s support, the company will not face gaps in its support needs anymore and will also help execute an efficient ERP strategy. Changgeun Park, Head of IT at Lotte Rental, stated:

“Ensuring that our foundational enterprise systems are secure, flexible and primed for innovation is essential to achieving our vision to lead the mobility industry. Our partnership with Rimini Street provides us with a level of savings and quality of service unmatched in the industry.”

Rimini Street Inc. (NASDAQ:RMNI) is a software support provider, covering Oracle and SAP enterprise solutions. The company delivers managed services, enterprise software services, Agentic AI, and other solutions. It also offers an array of other solutions, including Rimini Agentic UX, Rimini Support, Rimini Manage, and Rimini Protect.

While we acknowledge the potential of RMNI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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