Mitek Systems (MITK) Stock Forecast, Price Target & Predictions
MITK Stock Forecast
Mitek Systems (MITK) stock forecast, based on 14 Wall Street analysts, predicts a 12-month average price target of $12.63, with a high of $15.00 and a low of $9.50. This represents a 31.84% increase from the last price of $9.58.
MITK Stock Rating
Mitek Systems stock's rating consensus is Buy, based on 14 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 10 Buy (71.43%), 4 Hold (28.57%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).
Buy
MITK Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Mitek Systems | 31.84% |
| Sector | Technology Stocks | 13.02% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $13.00 |
| Last Closing Price | $9.58 | $9.58 | $9.58 |
| Upside/Downside | - | - | 35.70% |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Oct, 25 | 2 | 3 | 1 | - | - | 6 |
| Sep, 25 | 2 | 3 | 1 | - | - | 6 |
| Aug, 25 | 2 | 3 | 1 | - | - | 6 |
| Jul, 25 | 2 | 3 | 1 | - | - | 6 |
| Jun, 25 | 2 | 3 | 1 | - | - | 6 |
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 17, 2024 | Scott Buck | H.C. Wainwright | $13.00 | $9.14 | 42.23% | 35.70% |
| Sep 04, 2024 | Surinder Thind | Jefferies | $9.50 | $9.21 | 3.15% | -0.84% |
| Aug 12, 2024 | Allen Klee | Maxim Group | $13.00 | $8.41 | 54.58% | 35.70% |
| Aug 09, 2024 | George Sutton | Craig-Hallum | $15.00 | $8.41 | 78.36% | 56.58% |
| Jul 29, 2022 | H.C. Wainwright | $19.00 | $9.02 | 110.64% | 98.33% | |
| Apr 29, 2022 | H.C. Wainwright | $22.00 | $13.00 | 69.23% | 129.65% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 17, 2024 | H.C. Wainwright | Buy | Buy | hold |
| Sep 04, 2024 | Jefferies | Hold | downgrade | |
| Aug 09, 2024 | Craig-Hallum | Buy | Buy | hold |
| May 14, 2024 | Craig-Hallum | Underperform | Underperform | hold |
| Apr 16, 2024 | Craig-Hallum | Buy | Buy | hold |
Financial Forecast
EPS Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | |
|---|---|---|---|---|---|---|
| Reported | $0.18 | $0.08 | $0.18 | $0.07 | - | - |
| Avg Forecast | $0.73 | $0.40 | $0.92 | $0.80 | $0.88 | $1.14 |
| High Forecast | $0.76 | $0.47 | $0.98 | $0.82 | $0.95 | $1.18 |
| Low Forecast | $0.71 | $0.32 | $0.87 | $0.78 | $0.83 | $1.11 |
| Surprise % | -75.34% | -80.00% | -80.43% | -91.25% | - | - |
Revenue Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | |
|---|---|---|---|---|---|---|
| Reported | $119.80M | $143.94M | $172.55M | $172.08M | - | - |
| Avg Forecast | $119.80M | $110.75M | $170.66M | $170.14M | $176.12M | $195.73M |
| High Forecast | $123.00M | $132.90M | $171.44M | $170.50M | $176.46M | $200.87M |
| Low Forecast | $116.86M | $88.60M | $170.27M | $169.80M | $175.95M | $190.60M |
| Surprise % | -0.00% | 29.97% | 1.11% | 1.14% | - | - |
Net Income Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | |
|---|---|---|---|---|---|---|
| Reported | $7.98M | $3.69M | $8.03M | $3.28M | - | - |
| Avg Forecast | $5.79M | $6.94M | $-2.49M | $37.90M | $42.17M | $54.51M |
| High Forecast | $6.95M | $8.33M | $-1.99M | $38.84M | $45.05M | $56.12M |
| Low Forecast | $4.64M | $5.55M | $-2.99M | $36.95M | $39.30M | $52.91M |
| Surprise % | 37.70% | -46.78% | -422.11% | -91.35% | - | - |