Mitek Systems (MITK) Stock Forecast, Price Target & Predictions
MITK Stock Forecast
Mitek Systems stock forecast is as follows: an average price target of $14.13 (represents a 60.93% upside from MITK’s last price of $8.78) 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 60.93% upside from MITK's last price of $8.78.
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 |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Surinder Thind | Jefferies | $9.50 | $9.21 | 3.15% | 8.20% |
| Aug 12, 2024 | Allen Klee | Maxim Group | $13.00 | $8.41 | 54.58% | 48.06% |
| Aug 09, 2024 | George Sutton | Craig-Hallum | $15.00 | $8.41 | 78.36% | 70.84% |
| Jul 29, 2022 | - | H.C. Wainwright | $19.00 | $9.02 | 110.64% | 116.40% |
| Apr 29, 2022 | - | H.C. Wainwright | $22.00 | $13.00 | 69.23% | 150.57% |
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 8.20% increase from MITK last price ($8.78).
Mitek Systems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $9.50 | $12.50 |
| Last Closing Price | $8.78 | $8.78 | $8.78 |
| Upside/Downside | -100.00% | 8.20% | 42.37% |
In the current month, the average price target of Mitek Systems stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Mitek Systems's last price of $8.78. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Jefferies on Sep 04, 2024. The company Downgrade its MITK rating from "null" to "Hold".
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 | $47.23M | $48.07M | $47.70M | $36.07M | $41.20M | $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 | $51.00M | $51.00M | $51.00M | $43.00M | $47.23M | $48.07M | $47.70M | $36.07M | $41.51M | $47.99M | $46.95M | $41.26M | $38.10M | $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 |
| Low Forecast | $51.00M | $51.00M | $51.00M | $43.00M | $47.23M | $48.07M | $47.70M | $36.07M | $40.91M | $47.99M | $45.82M | $34.18M | $34.68M | $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 |
| # Analysts | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | 3 | 4 | 5 | 4 | 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 | $8.16M | $8.31M | $8.24M | $6.23M | $7.12M | $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 | $8.82M | $8.82M | $8.82M | $7.43M | $8.16M | $8.31M | $8.24M | $6.23M | $7.18M | $8.30M | $8.39M | $7.13M | $6.58M | $7.45M | $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 | $8.82M | $8.82M | $8.82M | $7.43M | $8.16M | $8.31M | $8.24M | $6.23M | $7.07M | $8.30M | $5.59M | $5.91M | $5.99M | $7.45M | $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 | 3 | 4 | 5 | 4 | 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 | $12.23M | $12.89M | $13.51M | $7.64M | $11.75M | $11.75M | $11.92M | $5.15M | $8.21M | $12.56M | $1.85M | $7.22M | $4.83M | $8.82M | $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 | $12.23M | $12.89M | $13.51M | $7.64M | $11.75M | $11.75M | $11.92M | $5.15M | $9.18M | $12.56M | $2.22M | $9.88M | $4.83M | $8.82M | $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 | $12.23M | $12.89M | $13.51M | $7.64M | $11.75M | $11.75M | $11.92M | $5.15M | $7.25M | $12.56M | $1.48M | $5.32M | $4.83M | $8.82M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | -0.34% | -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 | 3 | 4 | 5 | 4 | 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 | $23.16M | $23.57M | $23.39M | $17.68M | $20.20M | $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 | $25.00M | $25.00M | $25.00M | $21.08M | $23.16M | $23.57M | $23.39M | $17.68M | $20.35M | $23.53M | $17.75M | $20.23M | $18.68M | $21.13M | $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 | $25.00M | $25.00M | $25.00M | $21.08M | $23.16M | $23.57M | $23.39M | $17.68M | $20.06M | $23.53M | $11.83M | $16.76M | $17.00M | $21.13M | $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 | 3 | 4 | 5 | 4 | 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 | $0.24 | $0.24 | $0.25 | $0.11 | $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 | $0.25 | $0.27 | $0.28 | $0.16 | $0.24 | $0.24 | $0.25 | $0.11 | $0.19 | $0.26 | $0.27 | $0.20 | $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 |
| Low Forecast | $0.25 | $0.27 | $0.28 | $0.16 | $0.24 | $0.24 | $0.25 | $0.11 | $0.15 | $0.26 | $0.26 | $0.11 | $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 |
| 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 $0.21. 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 | $0.21 | $2.67 | 1171.43% | Buy |
| DOMO | Domo | $8.79 | $16.09 | 83.05% | Hold |
| LSPD | Lightspeed Commerce | $17.59 | $29.49 | 67.65% | Buy |
| MITK | Mitek Systems | $8.78 | $14.13 | 60.93% | Buy |
| PAYC | Paycom Software | $219.78 | $340.31 | 54.84% | Hold |
| OTEX | Open Text | $28.87 | $41.40 | 43.40% | Hold |
| RSKD | Riskified | $4.44 | $5.67 | 27.70% | Hold |
| ALKT | Alkami | $37.75 | $45.67 | 20.98% | Buy |
| ABST | Absolute Software | $11.49 | $13.83 | 20.37% | Buy |
| ENV | Envestnet | $63.09 | $67.86 | 7.56% | Hold |
| MLNK | MeridianLink | $22.06 | $22.75 | 3.13% | Buy |
| MANH | Manhattan Associates | $271.56 | $276.57 | 1.84% | Buy |
| DSGX | Descartes Systems Group | $114.13 | $109.63 | -3.94% | Buy |
| TYL | Tyler | $601.14 | $558.00 | -7.18% | Buy |
| OPFI | OppFi | $7.10 | $5.33 | -24.93% | Buy |