Mitek Systems (MITK) Stock Forecast, Price Target & Predictions


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MITK Stock Forecast


Mitek Systems stock forecast is as follows: an average price target of $14.13 (represents a 66.82% upside from MITK’s last price of $8.47) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

MITK Price Target


The average price target for Mitek Systems (MITK) is $14.13 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $19.00 to $9.50. This represents a potential 66.82% upside from MITK's last price of $8.47.

MITK Analyst Ratings


Buy

According to 3 Wall Street analysts, Mitek Systems's rating consensus is 'Buy'. The analyst rating breakdown for MITK stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Mitek Systems Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Surinder ThindJefferies$9.50$9.213.15%12.16%
Aug 12, 2024Allen KleeMaxim Group$13.00$8.4154.58%53.48%
Aug 09, 2024George SuttonCraig-Hallum$15.00$8.4178.36%77.10%
Jul 29, 2022-H.C. Wainwright$19.00$9.02110.64%124.32%
Apr 29, 2022-H.C. Wainwright$22.00$13.0069.23%159.74%
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The latest Mitek Systems stock forecast, released on Sep 04, 2024 by Surinder Thind from Jefferies, set a price target of $9.50, which represents a 3.15% increase from the stock price at the time of the forecast ($9.21), and a 12.16% increase from MITK last price ($8.47).

Mitek Systems Price Target by Period


1M3M12M
# Anlaysts133
Avg Price Target$9.50$12.50$12.50
Last Closing Price$8.47$8.47$8.47
Upside/Downside12.16%47.58%47.58%

In the current month, the average price target of Mitek Systems stock is $9.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.16% increase as opposed to Mitek Systems's last price of $8.47. This month's average price target is down -24.00% compared to last quarter, and down -24.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024Jefferies-HoldDowngrade
Aug 09, 2024Craig-HallumBuyBuyHold
May 14, 2024Craig-HallumUnderperformUnderperformHold
May 14, 2024H.C. WainwrightBuyBuyHold
Apr 16, 2024Craig-HallumBuyBuyHold
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Mitek Systems's last stock rating was published by Jefferies on Sep 04, 2024. The company Downgrade its MITK rating from "null" to "Hold".

Mitek Systems Financial Forecast


Mitek Systems Revenue Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
Revenue--------$37.00M$43.07M-$45.70M$38.77M$39.33M$34.71M$32.47M$33.27M$31.78M$28.77M$25.98M$30.64M$25.41M$23.19M$22.07M$25.02M$21.91M$19.98M$14.28M$11.42M$8.52M
Avg Forecast$48.19M$48.86M$47.81M$35.68M$41.30M$47.99M$46.39M$37.64M$36.39M$43.09M$38.63M$37.40M$38.33M$36.09M$33.26M$28.68M$33.28M$29.22M$26.55M$25.18M$26.86M$23.20M$23.10M$21.45M$25.01M$21.73M$19.20M$9.52M$8.56M$7.91M
High Forecast$49.11M$49.79M$48.73M$36.36M$41.61M$48.91M$47.27M$41.26M$37.08M$43.92M$39.37M$38.12M$39.06M$39.36M$36.27M$31.27M$36.29M$31.86M$28.95M$27.46M$29.29M$25.30M$25.19M$23.39M$27.28M$23.70M$20.94M$11.42M$10.28M$9.49M
Low Forecast$47.71M$48.37M$47.34M$35.32M$41.01M$47.52M$45.92M$34.18M$36.03M$42.66M$38.24M$37.03M$37.95M$34.88M$32.14M$27.72M$32.16M$28.24M$25.66M$24.33M$25.96M$22.42M$22.32M$20.73M$24.17M$21.00M$18.56M$7.62M$6.85M$6.33M
# Analysts3334544544433334444111599881216191811
Surprise %--------1.02%1.00%-1.22%1.01%1.09%1.04%1.13%1.00%1.09%1.08%1.03%1.14%1.10%1.00%1.03%1.00%1.01%1.04%1.50%1.33%1.08%

Mitek Systems's average Quarter revenue forecast for Dec 23 based on 5 analysts is $37.64M, with a low forecast of $34.18M, and a high forecast of $41.26M. MITK's average Quarter revenue forecast represents a 1.73% increase compared to the company's last Quarter revenue of $37.00M (Sep 23).

Mitek Systems EBITDA Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts3334544544433334444111599881216191811
EBITDA--------$-1.66M$8.94M-$9.92M$6.96M$7.56M$7.66M$7.14M$6.61M$7.75M$4.80M$3.72M$8.15M$3.57M$3.02M$2.62M$6.95M$-681.00K$558.00K$-317.00K$1.48M$919.04K
Avg Forecast$8.46M$8.58M$8.40M$6.27M$7.25M$8.43M$6.99M$6.61M$6.39M$7.57M$6.36M$6.57M$4.10M$6.34M$5.78M$5.04M$5.84M$5.13M$4.11M$4.42M$4.72M$4.07M$2.11M$3.77M$4.39M$3.82M$465.00K$-174.35K$986.67K$847.86K
High Forecast$8.62M$8.74M$8.56M$6.38M$7.31M$8.59M$8.39M$7.25M$6.51M$7.71M$7.63M$6.69M$4.92M$6.91M$6.93M$5.49M$6.37M$5.60M$4.94M$4.82M$5.14M$4.44M$2.54M$4.11M$4.79M$4.16M$558.00K$-139.48K$1.18M$1.02M
Low Forecast$8.38M$8.49M$8.31M$6.20M$7.20M$8.34M$5.59M$6.00M$6.33M$7.49M$5.08M$6.50M$3.28M$6.12M$4.62M$4.87M$5.65M$4.96M$3.29M$4.27M$4.56M$3.94M$1.69M$3.64M$4.25M$3.69M$372.00K$-209.22K$789.33K$678.29K
Surprise %---------0.26%1.18%-1.51%1.70%1.19%1.33%1.42%1.13%1.51%1.17%0.84%1.73%0.88%1.43%0.69%1.58%-0.18%1.20%1.82%1.50%1.08%

4 analysts predict MITK's average Quarter EBITDA for Sep 23 to be $6.39M, with a high of $6.51M and a low of $6.33M. This is -28.51% lower than Mitek Systems's previous annual EBITDA (Jun 23) of $8.94M.

Mitek Systems Net Income Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts3334544544433334444111599881216191811
Net Income--------$-1.66M$-428.00K-$4.73M$-311.00K$-852.00K$1.91M$3.12M$1.81M$2.98M$1.02M$2.17M$5.00M$1.35M$908.00K$560.00K$3.28M$-99.00K$-716.00K$-1.16M$1.22M$582.00K
Avg Forecast$12.20M$12.56M$12.08M$3.86M$8.29M$12.56M$1.85M$7.22M$4.83M$8.82M$1.68M$9.58M$1.12M$9.85M$1.53M$7.73M$9.33M$7.86M$873.43K$6.40M$6.64M$4.83M$635.60K$3.38M$8.89M$5.41M$-596.67K$-638.00K$811.33K$536.93K
High Forecast$12.50M$12.87M$12.38M$3.96M$9.27M$12.87M$2.22M$9.88M$4.95M$9.04M$2.02M$9.81M$1.34M$11.01M$1.83M$8.64M$10.43M$8.79M$1.05M$7.15M$7.42M$5.40M$762.72K$3.78M$9.94M$6.05M$-477.33K$-510.40K$973.60K$644.31K
Low Forecast$12.04M$12.40M$11.92M$3.81M$7.32M$12.40M$1.48M$5.32M$4.77M$8.70M$1.35M$9.45M$895.91K$9.43M$1.22M$7.39M$8.93M$7.52M$698.74K$6.12M$6.35M$4.62M$508.48K$3.23M$8.50M$5.17M$-716.00K$-765.60K$649.07K$429.54K
Surprise %---------0.34%-0.05%-0.49%-0.28%-0.09%1.25%0.40%0.19%0.38%1.17%0.34%0.75%0.28%1.43%0.17%0.37%-0.02%1.20%1.82%1.50%1.08%

Mitek Systems's average Quarter net income forecast for Mar 23 is $1.68M, with a range of $1.35M to $2.02M. MITK's average Quarter net income forecast represents a -64.45% decrease compared to the company's last Quarter net income of $4.73M (Dec 22).

Mitek Systems SG&A Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts3334544544433334444111599881216191811
SG&A---------$21.88M-$17.99M$17.94M$17.84M$15.28M$14.40M$14.53M$13.77M$14.25M$12.44M$10.98M$13.68M$12.66M$12.62M$10.63M$12.01M$11.58M$9.12M$6.45M$4.82M
Avg Forecast$23.63M$23.95M$23.44M$17.49M$20.25M$23.53M$14.79M$18.46M$17.84M$21.13M$13.45M$18.34M$9.01M$17.69M$12.22M$14.06M$16.31M$14.32M$12.21M$12.34M$13.17M$11.37M$8.86M$10.52M$12.26M$10.66M$9.65M$5.02M$4.30M$4.44M
High Forecast$24.08M$24.41M$23.89M$17.83M$20.40M$23.98M$17.75M$20.23M$18.18M$21.53M$16.13M$18.69M$10.81M$19.30M$14.67M$15.33M$17.79M$15.62M$14.66M$13.46M$14.36M$12.40M$10.63M$11.47M$13.37M$11.62M$11.58M$6.02M$5.16M$5.33M
Low Forecast$23.39M$23.72M$23.21M$17.32M$20.11M$23.30M$11.83M$16.76M$17.66M$20.92M$10.76M$18.16M$7.20M$17.10M$9.78M$13.59M$15.77M$13.84M$9.77M$11.93M$12.73M$10.99M$7.09M$10.16M$11.85M$10.30M$7.72M$4.01M$3.44M$3.55M
Surprise %---------1.04%-0.98%1.99%1.01%1.25%1.02%0.89%0.96%1.17%1.01%0.83%1.20%1.43%1.20%0.87%1.13%1.20%1.82%1.50%1.08%

Mitek Systems's average Quarter SG&A projection for Sep 23 is $17.84M, based on 4 Wall Street analysts, with a range of $17.66M to $18.18M. The forecast indicates a -18.48% fall compared to MITK last annual SG&A of $21.88M (Jun 23).

Mitek Systems EPS Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts3334544544433334444111599881216191811
EPS---------$-0.01-$0.11$-0.01$-0.02$0.02$0.07$0.05$0.07$0.02$0.05$0.12$0.03$0.02$0.01$0.08$-0.00$-0.02$-0.03$0.04$0.02
Avg Forecast$0.25$0.26$0.25$0.08$0.17$0.26$0.26$0.15$0.10$0.18$0.21$0.20$0.21$0.20$0.20$0.16$0.19$0.16$0.14$0.13$0.14$0.10$0.10$0.07$0.18$0.11$0.06$0.02$0.04$0.04
High Forecast$0.26$0.27$0.26$0.08$0.19$0.27$0.27$0.20$0.10$0.19$0.22$0.20$0.22$0.23$0.22$0.18$0.22$0.18$0.16$0.15$0.15$0.11$0.11$0.08$0.21$0.13$0.07$0.03$0.05$0.04
Low Forecast$0.25$0.26$0.25$0.08$0.15$0.26$0.26$0.11$0.10$0.18$0.21$0.20$0.21$0.20$0.19$0.15$0.18$0.16$0.13$0.13$0.13$0.10$0.09$0.07$0.18$0.11$0.06$0.02$0.03$0.03
Surprise %----------0.05%-0.55%-0.03%-0.09%0.10%0.44%0.26%0.43%0.14%0.38%0.87%0.30%0.20%0.14%0.43%-0.02%-0.32%-1.50%1.00%0.50%

According to 4 Wall Street analysts, Mitek Systems's projected average Quarter EPS for Mar 23 is $0.21, with a low estimate of $0.21 and a high estimate of $0.22. This represents a 91.37% increase compared to MITK previous annual EPS of $0.11 (Dec 22).

Mitek Systems Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PETWag! Group$0.74$3.50372.97%Buy
LSPDLightspeed Commerce$12.62$30.74143.58%Hold
DOMODomo$7.34$16.09119.21%Hold
PAYCPaycom Software$169.38$349.50106.34%Buy
MITKMitek Systems$8.47$14.1366.82%Buy
OTEXOpen Text$32.15$43.5035.30%Hold
OPFIOppFi$4.33$5.3323.09%Buy
RSKDRiskified$4.70$5.6720.64%Hold
ABSTAbsolute Software$11.49$13.8320.37%Buy
ALKTAlkami$30.17$34.5014.35%Buy
ENVEnvestnet$62.62$68.529.42%Hold
PWSCPowerSchool$22.76$24.085.80%Hold
DSGXDescartes Systems Group$98.25$99.861.64%Buy
TYLTyler$581.96$538.60-7.45%Buy
MANHManhattan Associates$263.74$229.33-13.05%Buy
MLNKMeridianLink$23.86$20.00-16.18%Buy

MITK Forecast FAQ


Yes, according to 3 Wall Street analysts, Mitek Systems (MITK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of MITK's total ratings.

Mitek Systems (MITK) average price target is $14.13 with a range of $9.5 to $19, implying a 66.82% from its last price of $8.47. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MITK stock, the company can go up by 66.82% (from the last price of $8.47 to the average price target of $14.13), up by 124.32% based on the highest stock price target, and up by 12.16% based on the lowest stock price target.

MITK's average twelve months analyst stock price target of $14.13 supports the claim that Mitek Systems can reach $13 in the near future.

1 Wall Street analyst forecast a $9.5 price target for Mitek Systems (MITK) this month, up 12.16% from its last price of $8.47. Compared to the last 3 and 12 months, the average price target increased by 47.58% and increased by 47.58%, respectively.

Mitek Systems's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $173.32M (high $179.05M, low $168.63M), average EBITDA is $29.28M (high $31.53M, low $27.14M), average net income is $29.92M (high $34.24M, low $26.51M), average SG&A $77.02M (high $82.36M, low $71.99M), and average EPS is $0.845 (high $0.933, low $0.779). MITK's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $180.54M (high $183.99M, low $178.74M), average EBITDA is $31.7M (high $32.31M, low $31.39M), average net income is $40.7M (high $41.71M, low $40.17M), average SG&A $88.51M (high $90.2M, low $87.63M), and average EPS is $0.842 (high $0.863, low $0.832).

Based on Mitek Systems's last annual report (Sep 2023), the company's revenue was $171.9M, beating the average analysts forecast of $155.51M by 10.54%. Apple's EBITDA was $7.81M, missing the average prediction of $26.88M by -70.94%. The company's net income was $7.81M, missing the average estimation of $24.9M by -68.63%. Apple's SG&A was $0, missing the average forecast of $70.75M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.691 by -100.00%. In terms of the last quarterly report (Sep 2023), Mitek Systems's revenue was $37M, beating the average analysts' forecast of $36.39M by 1.70%. The company's EBITDA was $-1.658M, missing the average prediction of $6.39M by -125.95%. Mitek Systems's net income was $-1.658M, missing the average estimation of $4.83M by -134.32%. The company's SG&A was $0, missing the average forecast of $17.84M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.1 by -100.00%