Mitek Systems (MITK) Stock Forecast, Price Target & Predictions
MITK Stock Forecast
Mitek Systems stock forecast is as follows: an average price target of $12.63 (represents a 10.50% upside from MITK’s last price of $11.43) 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 $12.63 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $9.50. This represents a potential 10.50% upside from MITK's last price of $11.43.
MITK Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 17, 2024 | Scott Buck | H.C. Wainwright | $13.00 | $9.14 | 42.23% | 13.74% |
| Sep 04, 2024 | Surinder Thind | Jefferies | $9.50 | $9.21 | 3.15% | -16.89% |
| Aug 12, 2024 | Allen Klee | Maxim Group | $13.00 | $8.41 | 54.58% | 13.74% |
| Aug 09, 2024 | George Sutton | Craig-Hallum | $15.00 | $8.41 | 78.36% | 31.23% |
| Jul 29, 2022 | H.C. Wainwright | $19.00 | $9.02 | 110.64% | 66.23% | |
| Apr 29, 2022 | H.C. Wainwright | $22.00 | $13.00 | 69.23% | 92.48% |
The latest Mitek Systems stock forecast, released on Dec 17, 2024 by Scott Buck from H.C. Wainwright, set a price target of $13.00, which represents a 42.23% increase from the stock price at the time of the forecast ($9.14), and a 13.74% increase from MITK last price ($11.43).
Mitek Systems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $13.00 | $13.00 | $12.63 |
| Last Closing Price | $11.43 | $11.43 | $11.43 |
| Upside/Downside | 13.74% | 13.74% | 10.50% |
In the current month, the average price target of Mitek Systems stock is $13.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.74% increase as opposed to Mitek Systems's last price of $11.43. This month's average price target is down 0.00% compared to last quarter, and up 2.93% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 17, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Sep 04, 2024 | Jefferies | Hold | Downgrade | |
| Aug 09, 2024 | Craig-Hallum | Buy | Buy | Hold |
| May 14, 2024 | Craig-Hallum | Underperform | Underperform | Hold |
| May 14, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Apr 16, 2024 | Craig-Hallum | Buy | Buy | Hold |
Mitek Systems's last stock rating was published by H.C. Wainwright on Dec 17, 2024. The company gave MITK a "Buy" rating, the same as its previous rate.
Mitek Systems Financial Forecast
Mitek Systems Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $51.00M | $51.00M | $51.00M | $43.00M | $45.55M | $47.35M | $47.55M | $36.05M | $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 |
| High Forecast | $52.70M | $52.70M | $52.70M | $44.43M | $47.07M | $48.93M | $48.28M | $38.12M | $41.61M | $47.99M | $46.95M | $41.26M | $38.10M | $44.53M | $39.91M | $38.65M | $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 |
| Low Forecast | $50.02M | $50.02M | $50.02M | $42.18M | $44.68M | $46.44M | $47.03M | $34.97M | $41.01M | $47.99M | $45.82M | $34.18M | $34.68M | $42.27M | $37.89M | $36.69M | $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 |
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 11 | 15 | 9 | 9 | 8 | 8 | 12 |
| 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% |
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 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 11 | 15 | 9 | 9 | 8 | 8 | 12 |
| 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 |
| Avg Forecast | $8.82M | $8.82M | $8.82M | $7.43M | $7.87M | $8.18M | $8.22M | $6.23M | $7.14M | $8.30M | $6.99M | $6.51M | $6.29M | $7.45M | $6.36M | $4.91M | $6.73M | $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 |
| High Forecast | $9.11M | $9.11M | $9.11M | $7.68M | $8.14M | $8.46M | $8.34M | $6.59M | $7.19M | $8.30M | $8.39M | $7.13M | $6.58M | $7.70M | $7.63M | $5.89M | $6.73M | $6.34M | $6.93M | $5.04M | $5.84M | $5.13M | $4.94M | $4.42M | $4.72M | $4.07M | $2.54M | $3.77M | $4.39M | $3.82M |
| Low Forecast | $8.65M | $8.65M | $8.65M | $7.29M | $7.72M | $8.03M | $8.13M | $6.04M | $7.09M | $8.30M | $5.59M | $5.91M | $5.99M | $7.31M | $5.08M | $3.93M | $6.73M | $6.34M | $4.62M | $5.04M | $5.84M | $5.13M | $3.29M | $4.42M | $4.72M | $4.07M | $1.69M | $3.77M | $4.39M | $3.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.26% | 1.20% | - | 2.02% | 1.03% | 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% |
4 analysts predict MITK's average Quarter EBITDA for Sep 23 to be $6.29M, with a high of $6.58M and a low of $5.99M. This is -29.63% lower than Mitek Systems's previous annual EBITDA (Jun 23) of $8.94M.
Mitek Systems Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 11 | 15 | 9 | 9 | 8 | 8 | 12 |
| 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 |
| Avg Forecast | $11.79M | $12.43M | $13.02M | $7.37M | $10.48M | $11.41M | $12.11M | $5.59M | $8.00M | $12.11M | $1.85M | $6.96M | $4.66M | $8.50M | $1.68M | $2.15M | $10.14M | $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 |
| High Forecast | $12.30M | $12.96M | $13.59M | $7.69M | $10.93M | $11.90M | $13.08M | $8.50M | $8.94M | $12.63M | $2.22M | $9.52M | $4.86M | $8.87M | $2.02M | $2.58M | $10.14M | $9.85M | $1.83M | $7.73M | $9.33M | $7.86M | $1.05M | $6.40M | $6.64M | $4.83M | $762.72K | $3.38M | $8.89M | $5.41M |
| Low Forecast | $11.49M | $12.12M | $12.70M | $7.18M | $10.22M | $11.13M | $10.66M | $4.25M | $7.05M | $11.81M | $1.48M | $5.13M | $4.54M | $8.29M | $1.35M | $1.72M | $10.14M | $9.85M | $1.22M | $7.73M | $9.33M | $7.86M | $698.74K | $6.40M | $6.64M | $4.83M | $508.48K | $3.38M | $8.89M | $5.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.36% | -0.05% | - | 2.20% | -0.03% | -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% |
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 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 11 | 15 | 9 | 9 | 8 | 8 | 12 |
| 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 |
| Avg Forecast | $25.00M | $25.00M | $25.00M | $21.08M | $22.33M | $23.21M | $23.31M | $17.67M | $20.25M | $23.53M | $14.79M | $18.46M | $17.84M | $21.13M | $13.45M | $9.90M | $18.79M | $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 |
| High Forecast | $25.84M | $25.84M | $25.84M | $21.78M | $23.08M | $23.99M | $23.67M | $18.69M | $20.40M | $23.53M | $17.75M | $20.23M | $18.68M | $21.83M | $16.13M | $11.88M | $18.79M | $17.69M | $14.67M | $14.06M | $16.31M | $14.32M | $14.66M | $12.34M | $13.17M | $11.37M | $10.63M | $10.52M | $12.26M | $10.66M |
| Low Forecast | $24.53M | $24.53M | $24.53M | $20.68M | $21.90M | $22.77M | $23.06M | $17.14M | $20.11M | $23.53M | $11.83M | $16.76M | $17.00M | $20.72M | $10.76M | $7.92M | $18.79M | $17.69M | $9.78M | $14.06M | $16.31M | $14.32M | $9.77M | $12.34M | $13.17M | $11.37M | $7.09M | $10.52M | $12.26M | $10.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | 1.82% | 0.95% | 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% |
Mitek Systems's average Quarter SG&A projection for Sep 23 is $17.84M, based on 4 Wall Street analysts, with a range of $17.00M to $18.68M. The forecast indicates a -18.48% fall compared to MITK last annual SG&A of $21.88M (Jun 23).
Mitek Systems EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 11 | 15 | 9 | 9 | 8 | 8 | 12 |
| 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 |
| Avg Forecast | $0.25 | $0.27 | $0.28 | $0.16 | $0.23 | $0.24 | $0.26 | $0.12 | $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 |
| High Forecast | $0.26 | $0.28 | $0.29 | $0.17 | $0.23 | $0.26 | $0.28 | $0.18 | $0.19 | $0.27 | $0.27 | $0.20 | $0.10 | $0.19 | $0.22 | $0.21 | $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 |
| Low Forecast | $0.25 | $0.26 | $0.27 | $0.15 | $0.22 | $0.24 | $0.23 | $0.09 | $0.15 | $0.25 | $0.26 | $0.11 | $0.10 | $0.18 | $0.21 | $0.19 | $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 |
| 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% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PET | Wag! Group | $0.20 | $0.50 | 150.00% | Buy |
| DOMO | Domo | $7.69 | $16.09 | 109.23% | Hold |
| RSKD | Riskified | $4.85 | $6.00 | 23.71% | Hold |
| LSPD | Lightspeed Commerce | $16.50 | $19.50 | 18.18% | Buy |
| ALKT | Alkami | $39.10 | $45.67 | 16.80% | Buy |
| MITK | Mitek Systems | $10.93 | $12.63 | 15.55% | Buy |
| OTEX | Open Text | $28.63 | $33.00 | 15.26% | Hold |
| DSGX | Descartes Systems Group | $119.25 | $128.60 | 7.84% | Buy |
| MLNK | MeridianLink | $22.18 | $22.75 | 2.57% | Buy |
| TYL | Tyler | $607.94 | $620.00 | 1.98% | Buy |
| MANH | Manhattan Associates | $295.06 | $297.67 | 0.88% | Buy |
| PAYC | Paycom Software | $232.97 | $182.50 | -21.66% | Hold |
| OPFI | OppFi | $7.71 | $5.33 | -30.87% | Buy |