MITK Similar Chart Price Prediction
The price of MITK is predicted to go up 2.67%, based on the high correlation periods with BDN. The similarity of these two price pattern on the periods is 92.81%.
MITK
BDN
Up: 2.67%Similarity: 92.81%
MITK Revenue Forecast
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MITK Analyst's Forecast
Allen Klee
Maxim Group
Strong Buy
2025-02-11
Price Target
$13 → $14
Upside
+37.8%
Maxim raised the firm's price target on Mitek Systems to $14 from $13 and keeps a Buy rating on the shares. The company's Q1 results topped estimates and consensus due to better-than-expected performance in the Identity segment and expense control, and the management is projecting the annual contract value - ACV - for Check Fraud Defender to double in 2025 from the $10M level in 2024, the analyst tells investors in a research note. Maxim adds that the company's high gross margin is attributable to very strong market share and profitability in Deposits.
