Mitek Systems, Inc. (MITK)
NASDAQ: MITK · IEX Real-Time Price · USD
12.10
+0.05 (0.41%)
At close: Jul 19, 2024, 4:00 PM
12.08
-0.02 (-0.17%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Mitek Systems Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Mitek Systems stock have an average target of 19, which predicts an increase of 57.02% from the current stock price of 12.10.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 14, 2024.
Analyst Ratings
The average analyst rating for Mitek Systems stock from 2 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +57.02% | May 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +57.02% | Apr 16, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $17 → $19 | Strong Buy | Maintains | $17 → $19 | +57.02% | Apr 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +57.02% | Mar 20, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $17 | Strong Buy | Initiates | $17 | +40.50% | Dec 14, 2023 |
Financial Forecast
Revenue This Year
185.71M
from 172.55M
Increased by 7.63%
Revenue Next Year
207.01M
from 185.71M
Increased by 11.47%
EPS This Year
0.97
from 0.17
Increased by 473.00%
EPS Next Year
1.21
from 0.97
Increased by 23.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 191.9M | 214.8M | 240.2M |
| Avg | 185.7M | 207.0M | 233.4M |
| Low | 177.3M | 196.1M | 224.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.2% | 15.7% | 16.1% |
| Avg | 7.6% | 11.5% | 12.7% |
| Low | 2.8% | 5.6% | 8.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.06 | 1.38 | 1.42 |
| Avg | 0.97 | 1.21 | 1.38 |
| Low | 0.87 | 1.06 | 1.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 523.8% | 41.2% | 17.4% |
| Avg | 473.0% | 24.0% | 14.0% |
| Low | 413.1% | 8.7% | 9.5% |
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.