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Rimini Street (RMNI) Eyes Post-SAP ECC Opportunity with ServiceNow Partnership

Rimini Street Inc. (NASDAQ:RMNI) is one of the 10 best debt-free IT penny stocks to buy. At the TD Cowen Technology, Media & Telecom Conference held on May 29, Rimini Street laid out its strategic roadmap, with a focus on balancing near-term cost efficiency and long-term growth opportunities, particularly in a shifting enterprise software landscape.

A key message was the company’s value proposition: offering support services that can cut vendor maintenance costs by around 50%. Rimini is positioning itself to benefit from major upcoming changes in the software market—most notably the 2027 sunset of SAP ECC. Management sees this as a window to capture customers seeking to avoid costly migrations, providing them with support and modernization alternatives.

A software engineer in front of a monitor making coding changes for cloud-native solutions.

One of the most notable developments is Rimini’s new partnership with ServiceNow. This collaboration is aiming to help enterprise clients modernize their systems and adopt AI capabilities without undergoing a full re-platforming. This integration is aimed at leveraging the Now platform alongside clients’ existing ERP systems. While the partnership isn’t exclusive, it is expected to become a key revenue driver starting in 2026.

In parallel, Rimini is winding down its PeopleSoft support business, which currently accounts for about 7% of revenue. Management expects the majority of those clients to transition over the next 2–3 years. In order to support future growth, the company is focusing on building its indirect sales channel.

Following the conference, TD Cowen analyst Derrick Wood reiterated his Hold rating and $4 price target. More recently, on June 18, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Rimini Street, without giving a price target.

Rimini Street Inc. (NASDAQ:RMNI) provides end-to-end enterprise software support, products, and services for Oracle, SAP, and other leading enterprise software systems.

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.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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