Mitek Systems, Inc. (MITK)
NASDAQ: MITK · Real-Time Price · USD
8.89
-0.35 (-3.79%)
Nov 15, 2024, 4:00 PM EST - Market closed
Mitek Systems Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Mitek Systems stock have an average target of 12.13, with a low estimate of 9.50 and a high estimate of 15. The average target predicts an increase of 36.45% from the current stock price of 8.89.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 4, 2024.
Analyst Ratings
The average analyst rating for Mitek Systems stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $17 → $9.5 | Strong Buy → Hold | Downgrades | $17 → $9.5 | +6.86% | Sep 4, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $19 → $11 | Strong Buy | Maintains | $19 → $11 | +23.73% | Aug 12, 2024 |
| Maxim Group | Maxim Group | Strong Buy Maintains $23 → $13 | Strong Buy | Maintains | $23 → $13 | +46.23% | Aug 12, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $19 → $15 | Strong Buy | Maintains | $19 → $15 | +68.73% | Aug 9, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +113.72% | May 14, 2024 |
Financial Forecast
Revenue This Year
173.55M
from 172.55M
Increased by 0.58%
Revenue Next Year
183.11M
from 173.55M
Increased by 5.51%
EPS This Year
0.81
from 0.17
Increased by 379.00%
EPS Next Year
0.84
from 0.81
Increased by 3.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 179.5M | 193.4M | 213.6M |
| Avg | 173.6M | 183.1M | 203.7M |
| Low | 166.3M | 171.5M | 192.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.0% | 11.4% | 16.6% |
| Avg | 0.6% | 5.5% | 11.2% |
| Low | -3.6% | -1.2% | 4.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.86 | 0.95 | 1.11 |
| Avg | 0.81 | 0.84 | 1.03 |
| Low | 0.76 | 0.73 | 0.93 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 406.5% | 16.1% | 31.7% |
| Avg | 379.0% | 3.8% | 21.3% |
| Low | 349.6% | -10.9% | 10.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.