Mitek Systems, Inc. (MITK)
NASDAQ: MITK · Real-Time Price · USD
19.43
+0.52 (2.75%)
At close: Aug 14, 2026, 4:00 PM EDT
19.81
+0.38 (1.96%)
After-hours: Aug 14, 2026, 7:34 PM EDT

Mitek Systems Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Mitek Systems stock has a consensus rating of "Strong Buy" and an average price target of $22.63. The average 1-year stock price forecast is 16.47% higher than the current stock price, while the lowest is $18 (-7.36%) and the highest is $26 (+33.81%).

Price Target: $22.63 (+16.47%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$18$22.63$23.25$26
Change-7.36%+16.47%+19.66%+33.81%

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

Chart
RatingDec '25Jan '26Feb '26Apr '26May '26Jun '26
Strong Buy334344
Buy111111
Hold110000
Sell000000
Strong Sell000000
Total555455

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Craig-Hallum
Craig-Hallum
Buy
Reiterates
$19$24
BuyReiterates$19$24+23.52%Aug 7, 2026
Northland Securities
Northland Securities
Buy
Maintains
$17$23
BuyMaintains$17$23+15.80%Aug 7, 2026
Maxim Group
Maxim Group
Buy
Reiterates
$20$26
BuyReiterates$20$26+33.81%Aug 7, 2026
William Blair
William Blair
Buy
Maintains
n/a
BuyMaintainsn/an/aAug 7, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
197.59M
from 179.69M
Increased by 9.96%
Revenue Next Year
213.75M
from 197.59M
Increased by 8.18%
EPS This Year
1.15
from 0.95
Increased by 20.63%
EPS Next Year
1.19
from 1.15
Increased by 4.01%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingSep 30, 2021Sep 30, 2022Sep 30, 2023Sep 30, 2024Sep 30, 2025Sep 30, 2026
Revenue
119.80M144.80M172.55M172.08M179.69M197.59M
Revenue Growth
18.25%20.87%19.16%-0.27%4.42%9.96%
Gross Profit
105.26M124.80M149.60M147.69M152.90M164.08M
Gross Margin
87.86%86.18%86.70%85.82%85.09%83.04%
Operating Income
14.73M15.67M19.72M4.08M17.67M32.02M
Net Income
7.98M3.69M8.03M3.28M8.80M20.97M
EPS
----0.951.15
EPS Growth
-----1.04%20.63%
Forward PE
22.9410.5814.0111.389.8716.95
Free Cash Flow
43.61M26.42M38.15M27.94M60.37M44.62M
No. Analysts
-----5
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High198.6M
Avg197.6M
Low197.0M

Revenue Growth

Revenue Growth202620272028
High
10.5%
Avg
10.0%
Low
9.6%

EPS Forecast

EPS202620272028
High1.18
Avg1.15
Low1.11

EPS Growth

EPS Growth202620272028
High
24.2%
Avg
20.6%
Low
16.8%