Mitek Systems, Inc. (MITK)
NASDAQ: MITK · Real-Time Price · USD
9.74
+0.93 (10.56%)
At close: May 9, 2025, 4:00 PM
10.16
+0.42 (4.31%)
After-hours: May 9, 2025, 7:51 PM EDT
Mitek Systems Stock Forecast
Stock Price Forecast
According to 4 professional analysts, the 12-month price target for Mitek Systems stock ranges from a low of $9.50 to a high of $15. The average price target of $12.88 forecasts a 32.24% increase in the stock price over the next year.
Price Target: $12.88 (+32.24%)
Analyst Consensus: Strong Buy
* 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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '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 |
|---|---|---|---|---|---|---|---|
| Maxim Group | Maxim Group | Strong Buy Maintains $13 → $14 | Strong Buy | Maintains | $13 → $14 | +43.74% | Feb 11, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $13 | Strong Buy | Reiterates | $13 | +33.47% | Feb 11, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $11 → $13 | Strong Buy | Maintains | $11 → $13 | +33.47% | Dec 17, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $17 → $9.5 | Strong Buy → Hold | Downgrades | $17 → $9.5 | -2.46% | Sep 4, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $19 → $11 | Strong Buy | Maintains | $19 → $11 | +12.94% | Aug 12, 2024 |
Financial Forecast
Revenue This Year
179.02M
from 172.08M
Increased by 4.03%
Revenue Next Year
195.08M
from 179.02M
Increased by 8.97%
EPS This Year
0.91
from 0.07
Increased by 1,194.42%
EPS Next Year
1.12
from 0.91
Increased by 23.27%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 186.5M | 207.9M | 228.6M |
| Avg | 179.0M | 195.1M | 222.1M |
| Low | 171.4M | 179.5M | 213.4M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 8.4% | 16.1% | 17.2% |
| Avg | 4.0% | 9.0% | 13.8% |
| Low | -0.4% | 0.3% | 9.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 1.07 | 1.39 | 1.44 |
| Avg | 0.91 | 1.12 | 1.40 |
| Low | 0.81 | 0.92 | 1.34 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 1,430.0% | 53.0% | 28.8% |
| Avg | 1,194.4% | 23.3% | 25.1% |
| Low | 1,062.0% | 1.7% | 20.2% |
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.