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NASDAQ: MITK
Mitek Systems Inc Stock Forecast, Predictions & Price Target

Analyst price target for MITK

Based on 2 analysts offering 12 month price targets for Mitek Systems Inc.
Min Forecast
$13.00+45.09%
Avg Forecast
$16.00+78.57%
Max Forecast
$19.00+112.05%

Should I buy or sell MITK stock?

Based on 2 analysts offering ratings for Mitek Systems Inc.
Strong Buy
Strong Buy
1 analysts 50%
Buy
1 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MITK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Jefferies
Top 30%
71
Strong BuyAssumes$13.00+45.09%2022-10-25
HC Wainwright & Co.
Bottom 1%
1
BuyMaintains$19.00+112.05%2022-07-29

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Forecast return on equity

Is MITK forecast to generate an efficient return?
Company
N/A
Industry
6.92%
Market
51.51%

Forecast return on assets

Is MITK forecast to generate an efficient return on assets?
Company
N/A
Industry
3.4%

MITK earnings per share forecast

What is MITK's earnings per share in the next 1 years based on estimates from 3 analysts?
Avg 1 year Forecast
$0.70+366.67%
MITK's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MITK revenue forecast

What is MITK's revenue in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$165.7M+18.56%
Avg 2 year Forecast
$188.4M+34.77%
MITK's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MITK earnings growth forecast

How is MITK forecast to perform vs Software - Application companies and vs the US market?
Company
366.67%
Industry
216.45%
Market
77.01%
MITK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
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Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

MITK revenue growth forecast

How is MITK forecast to perform vs Software - Application companies and vs the US market?
Company
18.56%
Industry
16.63%
Market
26.46%
MITK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
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Forecast Revenue Growth vs Market Forecast

MITK vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
MITK$8.96$16.00+78.57%Strong Buy
ABST$7.57$15.33+102.55%Strong Buy
VCSA$0.94$2.80+198.19%Buy
DOMO$12.23$26.40+115.86%Buy
LAW$6.36$11.83+86.05%Buy

Mitek Systems Stock Forecast FAQ

Is Mitek Systems Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: MITK) stock is to Strong Buy MITK stock.

Out of 2 analysts, 1 (50%) are recommending MITK as a Strong Buy, 1 (50%) are recommending MITK as a Buy, 0 (0%) are recommending MITK as a Hold, 0 (0%) are recommending MITK as a Sell, and 0 (0%) are recommending MITK as a Strong Sell.

If you're new to stock investing, here's how to buy Mitek Systems stock.

What is MITK's earnings growth forecast for 2023-2023?

(NASDAQ: MITK) Mitek Systems's forecast annual earnings growth rate of 366.67% is forecast to beat the US Software - Application industry's average forecast earnings growth rate of 216.45%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 77.01%.

Mitek Systems's earnings in 2023 is $6,755,000.

In 2023, MITK is forecast to generate $31,276,300 in earnings, with the lowest earnings forecast at $18,318,976 and the highest earnings forecast at $40,212,386.

What is MITK's revenue growth forecast for 2023-2024?

(NASDAQ: MITK) Mitek Systems's forecast annual revenue growth rate of 18.56% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 16.63%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 26.46%.

Mitek Systems's revenue in 2023 is $139,791,000.On average, 3 Wall Street analysts forecast MITK's revenue for 2023 to be $7,405,155,581, with the lowest MITK revenue forecast at $7,193,549,069, and the highest MITK revenue forecast at $7,596,119,734.

In 2024, MITK is forecast to generate $8,417,792,824 in revenue, with the lowest revenue forecast at $8,310,559,794 and the highest revenue forecast at $8,525,025,853.

What is MITK's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: MITK) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 3.4%.

What is MITK's Price Target?

According to 2 Wall Street analysts that have issued a 1 year MITK price target, the average MITK price target is $16.00, with the highest MITK stock price forecast at $19.00 and the lowest MITK stock price forecast at $13.00.

On average, Wall Street analysts predict that Mitek Systems's share price could reach $16.00 by Oct 25, 2023. The average Mitek Systems stock price prediction forecasts a potential upside of 78.57% from the current MITK share price of $8.96.

What is MITK's Earnings Per Share (EPS) forecast for 2023-2023?

(NASDAQ: MITK) Mitek Systems's current Earnings Per Share (EPS) is $0.15. In 2023, MITK's EPS is forecast to hit $0.70 (min: $0.41, max: $0.90).

What is MITK's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: MITK) forecast ROE is N/A, which is considered weak.
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