Mitek Systems: Craig-Hallum Remains Bullish with $15 Price Target

Craig-Hallum remains bullish on Mitek Systems, reiterating a Buy rating and a $15 price target. The company has a Strong Buy analyst consensus and a $13.75 price target consensus, representing a 50.11% upside. Maxim Group also maintained a Buy rating on the stock with a $14 price target. Mitek Systems has a one-year high of $11.78 and a one-year low of $6.93, with an average volume of 442.2K.

Mitek Systems (MITK), a mobile imaging software company, has shown notable growth in its stock performance and received positive analyst ratings. The stock closed at $9.94 on August 8, 2025, after gaining 8.82% on the last trading day, marking three consecutive days of gains. This upward trend is supported by a positive forecast from moving averages and a buy signal from the 3-month Moving Average Convergence Divergence (MACD) [1].

The company's quarterly earnings report for the period ended June 2025 exceeded expectations, with earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.18 per share. This represents a quarterly earnings surprise of +22.22% and a year-over-year growth of +22.22% [2]. Additionally, the company's revenue of $45.73 million for the quarter exceeded the Zacks Consensus Estimate by 3.70%, indicating strong financial performance.

Analysts remain bullish on Mitek Systems. Craig-Hallum reiterated a Buy rating with a $15 price target, while Maxim Group maintained a Buy rating with a $14 price target. The company's Strong Buy analyst consensus and $13.75 price target consensus suggest a potential 50.11% upside [3]. Despite the stock's recent gains, it is still trading below its one-year high of $11.78 and above its one-year low of $6.93.

Looking ahead, the stock is expected to continue its upward trend, with a predicted fair opening price of $9.83 on August 11, 2025. However, investors should remain cautious due to the high volatility and risk associated with the stock, as indicated by its low daily movements and recent price fluctuations [1].

References:

[1] https://stockinvest.us/stock/MITK
[2] https://www.nasdaq.com/articles/mitek-systems-mitk-tops-q3-earnings-and-revenue-estimates
[3] https://seekingalpha.com/news/4481842-mitek-systems-non-gaap-eps-of-0_22-beats-by-0_03-revenue-of-45_73m-beats-by-2_05m