NASDAQ:MITK - Mitek Systems Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $22.17
  • Forecasted Upside: 14.38 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$19.38
▼ -0.09 (-0.46%)

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Analyst Price Target for MITK

Analyst Price Target is $22.17
▲ +14.38% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Mitek Systems in the last 3 months. The average price target is $22.17, with a high forecast of $25.00 and a low forecast of $20.00. The average price target represents a 14.38% upside from the last price of $19.38.

This chart shows the closing price for MITK for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 investment analysts is to buy stock in Mitek Systems. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/1/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/1/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/30/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/26/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/26/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/25/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/25/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/21/2021Northland SecuritiesInitiated CoverageBuy$21.50Low
6/30/2021Northland SecuritiesInitiated CoverageBuy$21.50High
4/16/2021Jefferies Financial GroupInitiated CoverageBuy$20.00High
2/10/2021Maxim GroupReiterated RatingBuy$25.00Low
1/22/2021Maxim GroupInitiated CoverageBuyHigh
5/1/2020BenchmarkBoost Price TargetBuy$9.00 ➝ $12.00High
4/27/2020Roth CapitalReiterated RatingHold$9.00Medium
3/25/2020National SecuritiesUpgradeNeutral ➝ Buy$11.00High
11/15/2019Roth CapitalDowngradeBuy ➝ Neutral$12.50 ➝ $8.00High
7/19/2019Roth CapitalSet Price TargetBuy$14.00Low
5/2/2019BenchmarkReiterated RatingBuy ➝ Buy$15.00 ➝ $14.00High
5/2/2019National SecuritiesReiterated RatingBuy$20.00High
11/27/2018BenchmarkUpgradeHold ➝ Buy$12.00Medium
11/2/2018National SecuritiesSet Price TargetBuy$18.00Medium
10/24/2018National SecuritiesSet Price TargetBuy$18.00High
8/28/2018National SecuritiesSet Price TargetBuy$18.00Medium
8/28/2018BenchmarkDowngradeBuy ➝ Hold$8.00High
7/29/2018National SecuritiesReiterated RatingBuy$17.50Medium
3/9/2018National SecuritiesInitiated CoverageBuy$14.00High
7/28/2017Roth CapitalSet Price TargetBuy$12.00Low
7/25/2017Northland SecuritiesReiterated RatingBuy$11.00Medium
7/24/2017BenchmarkBoost Price TargetBuy ➝ Buy$10.00 ➝ $12.00High
7/19/2017Roth CapitalSet Price TargetBuy$11.00High
6/10/2017Roth CapitalSet Price TargetBuy$10.00Medium
4/24/2017Roth CapitalSet Price TargetBuy$9.00Low
3/22/2017Roth CapitalSet Price TargetBuy$9.00High
3/21/2017BenchmarkReiterated RatingBuyMedium
2/2/2017Needham & Company LLCLower Price TargetBuy$9.50 ➝ $8.00N/A
12/20/2016Roth CapitalSet Price TargetBuy$9.00N/A
12/8/2016BTIG ResearchInitiated CoverageBuy$10.00N/A
11/4/2016BenchmarkReiterated RatingBuy$10.00N/A
(Data available from 7/25/2016 forward)
Mitek Systems logo
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, and others through direct sales teams and channel partners. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
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Today's Range

Now: $19.38
Low: $19.16
High: $19.55

50 Day Range

MA: $18.25
Low: $16.39
High: $19.47

52 Week Range

Now: $19.38
Low: $9.34
High: $20.19

Volume

266,666 shs

Average Volume

381,081 shs

Market Capitalization

$834.31 million

P/E Ratio

88.09

Dividend Yield

N/A

Beta

0.27

Frequently Asked Questions

What sell-side analysts currently cover shares of Mitek Systems?

The following Wall Street analysts have issued research reports on Mitek Systems in the last year: Jefferies Financial Group Inc., Maxim Group, Northland Securities, TheStreet, and Zacks Investment Research.
View the latest analyst ratings for MITK.

What is the current price target for Mitek Systems?

3 Wall Street analysts have set twelve-month price targets for Mitek Systems in the last year. Their average twelve-month price target is $22.17, suggesting a possible upside of 14.4%. Maxim Group has the highest price target set, predicting MITK will reach $25.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $20.00 for Mitek Systems in the next year.
View the latest price targets for MITK.

What is the current consensus analyst rating for Mitek Systems?

Mitek Systems currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MITK will outperform the market and that investors should add to their positions of Mitek Systems.
View the latest ratings for MITK.

What other companies compete with Mitek Systems?

How do I contact Mitek Systems' investor relations team?

Mitek Systems' physical mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The software maker's listed phone number is 619-269-6800 and its investor relations email address is [email protected] The official website for Mitek Systems is www.miteksystems.com.