Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Mitek Systems Inc Market Cap
From what 6 stock analysts predict, the share price for Mitek Systems Inc (MITK) might increase by 34.57% in the next year. This is based on a 12-month average estimation for MITK. Price targets go from $9.5 to $15. The majority of stock analysts believe MITK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
MITK is a stock in Technology which has been forecasted to be worth $12.3 as an average. On the higher end, the forecast price is $15 USD by Chad Bennett from Craig-Hallum and on the lower end MITK is forecasted to be $9.5 by Surinder Thind from Jefferies.
These are the latest 20 analyst ratings of MITK.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Surinder Thind Jefferies | Hold | $9.5 | Downgrade | Sep 4, 2024 |
| Allen Klee Maxim Group | Buy | $13 | Maintains | Aug 12, 2024 |
| Scott Buck HC Wainwright & Co. | Buy | $11 | Maintains | Aug 12, 2024 |
| Chad Bennett Craig-Hallum | Buy | $15 | Maintains | Aug 9, 2024 |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Reiterates | May 14, 2024 |
| Chad Bennett Craig-Hallum | Buy | $19 | Maintains | Apr 16, 2024 |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Reiterates | Apr 16, 2024 |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Reiterates | Mar 20, 2024 |
| Chad Bennett Craig-Hallum | Buy | $17 | Initiates | Dec 14, 2023 |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Reiterates | Sep 15, 2023 |
HC Wainwright & Co. | Buy | Reiterates | Jul 3, 2023 | |
HC Wainwright & Co. | Buy | Reiterates | Jun 15, 2023 | |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Reiterates | May 9, 2023 |
| Stephanie Moore Jefferies | Buy | $13 | Assumes | Oct 25, 2022 |
| Scott Buck HC Wainwright & Co. | Buy | $19 | Maintains | Jul 29, 2022 |
| Scott Buck HC Wainwright & Co. | Buy | $22 | Maintains | Apr 29, 2022 |
HC Wainwright & Co. | Buy | Initiates | Aug 12, 2021 | |
Jefferies | Buy | Initiates | Apr 16, 2021 | |
Maxim Group | Buy | Initiates | Jan 22, 2021 | |
National Securities | Buy | Upgrade | Mar 25, 2020 |
When did it IPO
1995
Staff Count
573
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. Edward H. West
Market Cap
$422.3M
In 2023, MITK generated $172.6M in revenue, which was a increase of 19.16% from the previous year. This can be seen as a signal that MITK's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - MITK has launched the DFD tool as part of its Verified Identity Platform to help businesses combat identity fraud driven by GenAI, including deepfakes.
Why It Matters - MITK's DFD tool enhances its identity verification platform, addressing rising GenAI-related fraud risks, potentially boosting demand and market confidence, impacting stock performance positively.
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Mitek Systems (NASDAQ: MITK) launched Digital Fraud Defender, a multi-layered solution aimed at enhancing digital identity verification against AI-enabled fraud, targeting financial and online sectors.
Why It Matters - Mitek Systems' launch of Digital Fraud Defender enhances its competitive edge in cybersecurity, addressing rising fraud risks and potentially boosting revenue from key sectors like fintech and finance.
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Mitek Systems, Inc. (NASDAQ: MITK) will hold a conference call on December 16 at 2 PM PT to discuss Q4 and full-year financial results for FY ended September 30, 2024.
Why It Matters - The upcoming conference call will provide insights into Mitek's financial performance, impacting stock valuation and investor sentiment based on revenue, growth, and future guidance.
Tue, 22 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Mitek Systems appointed J.D. Fay to its board of directors and audit committee. Fay is currently CFO at Matterport and has over 20 years of financial strategy experience.
Why It Matters - The appointment of J.D. Fay to Mitek's board enhances its financial leadership and governance, potentially boosting investor confidence and influencing future performance.
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Mitek Systems appointed Ed West as CEO and Board member, effective immediately. Scott Carter transitions to non-executive Chairman.
Why It Matters - Leadership changes can affect company direction and investor confidence. Ed West's appointment as CEO may signal new strategies that could impact Mitek's performance and stock value.
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Mitek Systems granted equity awards to new CEO Edward H. West, focusing on equity-based compensation to enhance stockholder value.
Why It Matters - Mitek's new CEO's compensation focuses on equity, aligning his interests with stockholders and potentially driving long-term value, which may positively impact share performance.
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