Mitek Systems Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Mitek Systems stock have an average target of 12.63, with a low estimate of 9.50 and a high estimate of 15. The average target predicts an increase of 10.50% from the current stock price of 11.43.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$9.50	$12.63	$13	$15
Change	-16.89%	+10.50%	+13.74%	+31.23%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	2	3	3	3	3	3
Buy	0	0	0	0	0	0
Hold	0	0	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	3	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $11 → $13	Strong Buy	Maintains	$11 → $13	+13.74%	Dec 17, 2024
Surinder Thind Jefferies	Jefferies	Strong Buy → Hold Downgrades $17 → $9.5	Strong Buy → Hold	Downgrades	$17 → $9.5	-16.89%	Sep 4, 2024
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $19 → $11	Strong Buy	Maintains	$19 → $11	-3.76%	Aug 12, 2024
Allen Klee Maxim Group	Maxim Group	Strong Buy Maintains $23 → $13	Strong Buy	Maintains	$23 → $13	+13.74%	Aug 12, 2024
Chad Bennett Craig-Hallum	Craig-Hallum	Strong Buy Maintains $19 → $15	Strong Buy	Maintains	$19 → $15	+31.23%	Aug 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

183.11M

from 172.08M

6.41%

from 172.08M

Revenue Next Year

203.69M

from 183.11M

11.24%

from 183.11M

EPS This Year

0.84

from 0.07

1,107.00%

from 0.07

EPS Next Year

1.03

from 0.84

21.33%

from 0.84

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026
Revenue	101.31M	119.80M	144.80M	172.55M	172.08M	183.11M	203.69M
Revenue Growth	19.77%	18.25%	20.87%	19.16%	-0.27%	6.41%	11.24%
EPS	0.18	0.18	0.08	0.17	0.07	0.84	1.03
EPS Growth	-	-	-55.56%	112.50%	-58.82%	1,107.00%	21.33%
Forward PE	-	-	-	-	-	13.53	11.15
No. Analysts	-	-	-	-	-	8	5

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

Revenue Forecast

Revenue	2025	2026
High	193.4M	213.6M
Avg	183.1M	203.7M
Low	171.5M	192.1M

Revenue Growth

Revenue Growth	2025	2026
High	12.4%	16.6%
Avg	6.4%	11.2%
Low	-0.3%	4.9%

EPS Forecast

EPS	2025	2026
High	0.95	1.11
Avg	0.84	1.03
Low	0.73	0.93

EPS Growth

EPS Growth	2025	2026
High	1,250.0%	31.7%
Avg	1,107.0%	21.3%
Low	936.0%	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.