Mitek Systems, Inc. (MITK)
NASDAQ: MITK · IEX Real-Time Price · USD
11.98
-0.19 (-1.56%)
Apr 18, 2024, 4:00 PM EDT - Market closed
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 58.60% from the current stock price of 11.98.
Analyst Consensus: Strong Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $17 → $19 | Strong Buy | Maintains | $17 → $19 | +58.60% | Apr 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +58.60% | Apr 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +58.60% | Mar 20, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $17 | Strong Buy | Initiates | $17 | +41.90% | Dec 14, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $19 | Strong Buy | Reiterates | $19 | +58.60% | Sep 15, 2023 |
Financial Forecast
Revenue This Year
185.44M
from 172.55M
Increased by 7.47%
Revenue Next Year
207.49M
from 185.44M
Increased by 11.89%
EPS This Year
1.03
from 0.17
Increased by 506.00%
EPS Next Year
1.21
from 1.03
Increased by 17.57%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 191.8M | 214.8M |
| Avg | 185.4M | 207.5M |
| Low | 176.9M | 198.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 11.2% | 15.8% |
| Avg | 7.5% | 11.9% |
| Low | 2.5% | 6.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.13 | 1.38 |
| Avg | 1.03 | 1.21 |
| Low | 0.90 | 1.10 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 567.1% | 33.5% |
| Avg | 506.0% | 17.6% |
| Low | 430.4% | 6.5% |
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.