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MITK
Volume: 89.75K
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Mitek Systems (MITK) Stock Forecast & Price Target

Mitek Systems (MITK) Analyst Ratings

Based on 8 analyst ratings
Buy
Strong Buy 75%
Buy 0%
Hold 25%
Sell 0%
Strong Sell 0%

Bulls say

Mitek Systems Inc. is projecting a revenue increase to $175.6 million for FY25, which aligns with management's guidance of $170.0 million to $180.0 million, reflecting stable growth in the company's innovative software solutions. The company's EBITDA has shown significant improvement, rising to $15.4 million from $5.9 million in the previous year, and reaching $7.8 million in Q1 FY25, surpassing earlier estimates. Positive momentum is expected to continue, with anticipated acceleration in revenue and profitability due to advancements in fraud prevention and identity verification services, alongside a favorable adjustment in EBITDA margin guidance to 25.0% to 28.0%.

Bears say

Mitek Systems Inc. is experiencing a concerning trend with its gross margin, which fell to 84.0%, down from 85.7% sequentially and from 85.0% in the prior year. Additionally, the company's estimated EBITDA of $45.6 million reflects a slight decrease from fiscal year 2024 levels, indicating potential challenges in profitability. Revenue projections for fiscal year 2025 have been adjusted downward to $174.5 million, down from the previously estimated $180.0 million, amidst ongoing risks from competition, technology, and a declining reliance on paper checks.

Mitek Systems (MITK) has been analyzed by 8 analysts, with a consensus rating of Buy. 75% of analysts recommend a Strong Buy, 0% recommend Buy, 25% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Mitek Systems and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Mitek Systems (MITK) Forecast

Analysts have given Mitek Systems (MITK) a Buy based on their latest research and market trends.

According to 8 analysts, Mitek Systems (MITK) has a Buy consensus rating as of Jun 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $11.06, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $11.06, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Mitek Systems (MITK)

Volume: 89.75K

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