Mitek Systems, Inc. (MITK)
NASDAQ: MITK · Real-Time Price · USD
10.01
-0.07 (-0.69%)
Jan 21, 2025, 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 12.63, with a low estimate of 9.50 and a high estimate of 15. The average target predicts an increase of 26.17% from the current stock price of 10.01.
Analyst Consensus: Strong Buy
* Price targets were last updated on Dec 17, 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $11 → $13 | Strong Buy | Maintains | $11 → $13 | +29.87% | Dec 17, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $17 → $9.5 | Strong Buy → Hold | Downgrades | $17 → $9.5 | -5.09% | Sep 4, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $19 → $11 | Strong Buy | Maintains | $19 → $11 | +9.89% | Aug 12, 2024 |
| Maxim Group | Maxim Group | Strong Buy Maintains $23 → $13 | Strong Buy | Maintains | $23 → $13 | +29.87% | Aug 12, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $19 → $15 | Strong Buy | Maintains | $19 → $15 | +49.85% | Aug 9, 2024 |
Financial Forecast
Revenue This Year
179.68M
from 172.08M
Increased by 4.41%
Revenue Next Year
199.66M
from 179.68M
Increased by 11.12%
EPS This Year
0.84
from 0.07
Increased by 1,107.00%
EPS Next Year
1.03
from 0.84
Increased by 21.33%
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 193.4M | 213.6M |
| Avg | 179.7M | 199.7M |
| Low | 170.2M | 187.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 12.4% | 18.9% |
| Avg | 4.4% | 11.1% |
| Low | -1.1% | 4.1% |
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.