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

OverviewForecast
EarningsDividendOwnership

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%

Be the first to know when Wall Street analysts revise their MITK stock forecasts and price targets.

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
MITK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MITK's earnings are forecast to... subscribe to Premium to read more.
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
View Top App Stocks

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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