Mitek Systems, Inc. (MITK)

Mitek Systems Stock Forecast

Stock Price Forecast

The 2 analysts that cover Mitek Systems stock have a consensus rating of "Strong Buy" and an average price target of $13.5, which forecasts a 28.69% increase in the stock price over the next year. The lowest target is $13 and the highest is $14.

Price Target: $13.5 (+28.69%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$13	$13.5	$14	$14
Change	+23.93%	+28.69%	+33.46%	+33.46%

* 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	3	3	3	3	3	2
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	2

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	+33.46%	Feb 11, 2025
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $13	Strong Buy	Reiterates	$13	+23.93%	Feb 11, 2025
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $11 → $13	Strong Buy	Maintains	$11 → $13	+23.93%	Dec 17, 2024
Surinder Thind Jefferies	Jefferies	Strong Buy → Hold Downgrades $17 → $9.5	Strong Buy → Hold	Downgrades	$17 → $9.5	-9.44%	Sep 4, 2024
Scott Buck HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $19 → $11	Strong Buy	Maintains	$19 → $11	+4.86%	Aug 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

194.56M

Increased by 8.27%

from 179.69M

Revenue Next Year

209.54M

Increased by 7.70%

from 194.56M

EPS This Year

1.12

Increased by 487.31%

from 0.19

EPS Next Year

1.12

Increased by 0.55%

from 1.12

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	119.80M	144.80M	172.55M	172.08M	179.69M	194.56M	209.54M
Revenue Growth	18.25%	20.87%	19.16%	-0.27%	4.42%	8.27%	7.70%
EPS	0.18	0.08	0.17	0.07	0.19	1.12	1.12
EPS Growth	-	-55.56%	112.50%	-58.82%	171.43%	487.31%	0.55%
Forward PE	-	-	-	-	-	9.40	9.35
No. Analysts	-	-	-	-	-	7	6

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

Revenue Forecast

Revenue	2026	2027
High	203.0M	218.3M
Avg	194.6M	209.5M
Low	186.2M	199.3M

Revenue Growth

Revenue Growth	2026	2027
High	13.0%	12.2%
Avg	8.3%	7.7%
Low	3.6%	2.4%

EPS Forecast

EPS	2026	2027
High	1.55	1.23
Avg	1.12	1.12
Low	0.92	1.00

EPS Growth

EPS Growth	2026	2027
High	717.9%	10.1%
Avg	487.3%	0.5%
Low	384.8%	-10.4%

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.