Mitek Systems Inc
NASDAQ:MITK

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Mitek Systems Inc
NASDAQ:MITK
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Price: 11.43 USD 2.97% Market Closed
Market Cap: 528.1m USD
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Wall Street
Price Targets

MITK Price Targets Summary
Mitek Systems Inc

Wall Street analysts forecast MITK stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MITK is 12.55 USD with a low forecast of 9.6 USD and a high forecast of 15.75 USD.

Lowest
Price Target
9.6 USD
16% Downside
Average
Price Target
12.55 USD
10% Upside
Highest
Price Target
15.75 USD
38% Upside

MITK Last Price Targets
Mitek Systems Inc

The latest public price target was made on Sep 4, 2024 by Surinder Thind from Jefferies , who expects MITK stock to drop by 17% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Surinder Thind
Jefferies
9.5 USD
Downside 17%
3 months ago
Sep 4, 2024
Jefferies Downgrades Mitek Systems (MITK) to Hold
StreetInsider
Allen Klee
Maxim Group
13 USD
Upside 14%
4 months ago
Aug 12, 2024
Mitek Systems price target lowered to $13 from $23 at Maxim
TheFly
George Sutton
Craig-Hallum
15 USD
Upside 31%
4 months ago
Aug 9, 2024
Mitek Systems price target lowered to $15 from $19 at Craig-Hallum
TheFly
Surinder Thind
Jefferies
Price Target 9.5 USD
Upside/Downside 17%
View Source
Allen Klee
Maxim Group
Price Target 13 USD
Upside/Downside 14%
View Source
George Sutton
Craig-Hallum
Price Target 15 USD
Upside/Downside 31%
View Source
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Revenue
Forecast

Revenue Estimate
Mitek Systems Inc

For the last 8 years the compound annual growth rate for Mitek Systems Inc's revenue is 22%. The projected CAGR for the next 2 years is 9%.

22%
Past Growth
9%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Mitek Systems Inc

For the last 8 years the compound annual growth rate for Mitek Systems Inc's operating income is 0%. The projected CAGR for the next 2 years is 270%.

0%
Past Growth
270%
Estimated Growth
Estimates Accuracy
-60%
Average Miss

Net Income
Forecast

Net Income Estimate
Mitek Systems Inc

For the last 8 years the compound annual growth rate for Mitek Systems Inc's net income is 6%. The projected CAGR for the next 2 years is 280%.

6%
Past Growth
280%
Estimated Growth
Estimates Accuracy
-82%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MITK's stock price target?
Price Target
12.55 USD

According to Wall Street analysts, the average 1-year price target for MITK is 12.55 USD with a low forecast of 9.6 USD and a high forecast of 15.75 USD.

What is Mitek Systems Inc's Revenue forecast?
Projected CAGR
9%

For the last 8 years the compound annual growth rate for Mitek Systems Inc's revenue is 22%. The projected CAGR for the next 2 years is 9%.

What is Mitek Systems Inc's Operating Income forecast?
Projected CAGR
270%

For the last 8 years the compound annual growth rate for Mitek Systems Inc's operating income is 0%. The projected CAGR for the next 2 years is 270%.

What is Mitek Systems Inc's Net Income forecast?
Projected CAGR
280%

For the last 8 years the compound annual growth rate for Mitek Systems Inc's net income is 6%. The projected CAGR for the next 2 years is 280%.

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