Mitek Systems, Inc. (MITK)

Mitek Systems Stock Forecast

Stock Price Forecast

The 4 analysts that cover Mitek Systems stock have a consensus rating of "Strong Buy" and an average price target of $12.88, which forecasts a 30.76% increase in the stock price over the next year. The lowest target is $9.5 and the highest is $15.

Price Target: $12.88 (+30.76%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$9.50	$12.88	$14	$15
Change	-3.55%	+30.76%	+42.13%	+52.28%

* Price targets were last updated on Feb 11, 2025.

Analyst Ratings

The average analyst rating for Mitek Systems stock 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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	3	3	3	3	3	3
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Allen Klee Maxim Group	Maxim Group	Strong Buy Maintains $13 → $14	Strong Buy	Maintains	$13 → $14	+42.13%	Feb 11, 2025
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $13	Strong Buy	Reiterates	$13	+31.98%	Feb 11, 2025
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $11 → $13	Strong Buy	Maintains	$11 → $13	+31.98%	Dec 17, 2024
Surinder Thind Jefferies	Jefferies	Strong Buy → Hold Downgrades $17 → $9.5	Strong Buy → Hold	Downgrades	$17 → $9.5	-3.55%	Sep 4, 2024
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $19 → $11	Strong Buy	Maintains	$19 → $11	+11.68%	Aug 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

179.23M

Increased by 4.15%

from 172.08M

Revenue Next Year

193.77M

Increased by 8.11%

from 179.23M

EPS This Year

0.88

Increased by 1,162.86%

from 0.07

EPS Next Year

1.03

Increased by 16.31%

from 0.88

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	101.31M	119.80M	144.80M	172.55M	172.08M	179.23M	193.77M	208.90M
Revenue Growth	19.77%	18.25%	20.87%	19.16%	-0.27%	4.15%	8.11%	7.81%
EPS	0.18	0.18	0.08	0.17	0.07	0.88	1.03	1.03
EPS Growth	-	-	-55.56%	112.50%	-58.82%	1,162.86%	16.31%	0.20%
Forward PE	-	-	-	-	-	11.14	9.58	9.56
No. Analysts	-	-	-	-	-	8	7	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	186.7M	202.7M	215.0M
Avg	179.2M	193.8M	208.9M
Low	171.2M	181.5M	200.7M

Revenue Growth

Revenue Growth	2025	2026	2027
High	8.5%	13.1%	11.0%
Avg	4.2%	8.1%	7.8%
Low	-0.5%	1.3%	3.6%

EPS Forecast

EPS	2025	2026	2027
High	1.04	1.42	1.06
Avg	0.88	1.03	1.03
Low	0.76	0.76	0.99

EPS Growth

EPS Growth	2025	2026	2027
High	1,385.0%	60.4%	3.1%
Avg	1,162.9%	16.3%	0.2%
Low	992.0%	-13.5%	-3.7%

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.