Mitek Systems - MITK Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $19.00
  • Forecasted Upside: 64.64%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$11.54
▲ +0.27 (2.40%)

This chart shows the closing price for MITK by one month, three months, or twelve months.

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Analyst Price Target for MITK

Analyst Price Target is $19.00
▲ +64.64% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Mitek Systems in the last 3 months. The average price target is $19.00, with a high forecast of $19.00 and a low forecast of $19.00. The average price target represents a 64.64% upside from the last price of $11.54.

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 2 contributing 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
  • 0 hold ratings
  • 0 sell ratings
12/31/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/27/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/26/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/14/2024HC WainwrightReiterated RatingBuy ➝ Buy$19.00Low
4/16/2024Craig HallumBoost TargetBuy ➝ Buy$17.00 ➝ $19.00Low
4/16/2024HC WainwrightReiterated RatingBuy ➝ Buy$19.00Low
3/20/2024HC WainwrightReiterated RatingBuy ➝ Buy$19.00Low
12/14/2023Craig HallumInitiated CoverageBuy$17.00Low
9/15/2023HC WainwrightReiterated RatingBuy ➝ Buy$19.00Low
10/25/2022Jefferies Financial GroupReiterated RatingBuy$13.00Low
7/29/2022HC WainwrightLower TargetBuy$22.00 ➝ $19.00Low
5/25/2022Northland SecuritiesLower Target$20.00 ➝ $15.00Low
4/29/2022Maxim GroupReiterated RatingBuy$28.00High
4/29/2022HC WainwrightLower Target$27.00 ➝ $22.00High
4/20/2022Northland SecuritiesLower Target$24.00 ➝ $20.00Low
3/25/2022Maxim GroupInitiated CoverageBuy$28.00Low
1/28/2022Maxim GroupReiterated RatingBuy$28.00Medium
11/5/2021Maxim GroupReiterated RatingBuy$28.00Low
11/5/2021William BlairReiterated RatingBuyHigh
8/12/2021HC WainwrightInitiated CoverageBuy$27.00Low
7/30/2021Maxim GroupBoost TargetBuy$25.00 ➝ $28.00High
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 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 TargetBuy$14.00Low
(Data available from 6/24/2019 forward)

News Sentiment Rating

0.99 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
11/27/2023
  • 7 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
12/27/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
1/26/2024
  • 6 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
2/25/2024
  • 13 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
3/26/2024
  • 13 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
4/25/2024
  • 11 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
5/25/2024
  • 7 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/24/2024

Current Sentiment

  • 7 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mitek Systems logo
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.
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Today's Range

Now: $11.54
Low: $11.22
High: $11.56

50 Day Range

MA: $12.61
Low: $10.88
High: $14.83

52 Week Range

Now: $11.54
Low: $9.47
High: $16.24

Volume

570,500 shs

Average Volume

524,817 shs

Market Capitalization

$539.96 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.07

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: Craig Hallum, HC Wainwright, and StockNews.com.
View the latest analyst ratings for MITK.

What is the current price target for Mitek Systems?

2 Wall Street analysts have set twelve-month price targets for Mitek Systems in the last year. Their average twelve-month price target is $19.00, suggesting a possible upside of 64.6%. Craig Hallum has the highest price target set, predicting MITK will reach $19.00 in the next twelve months. Craig Hallum has the lowest price target set, forecasting a price of $19.00 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 2 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. Learn More about contacing Mitek Systems investor relations.