Digital Banking Expansion Will Boost AI-powered Verification In Regulated Sectors

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AnalystHighTarget

Not Invested

Community Contributor

Published

20 Jul 25

Updated

07 Apr 26

Views

20

07 Apr

US$16.03

AnalystHighTarget's Fair Value

US$17.00

5.7% undervalued

1Y

69.6%

7D

12.4%

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1Y

69.6%

7D

12.4%

You can edit this narrative until Apr 8 3:05 PM. Then, changes will post as Updates.

Author's Valuation

US$175.7% undervalued

AnalystHighTarget Fair Value

Shared on 07 Apr 26

MITK: Jefferies Upgrade And Buybacks Will Support Higher Future P/E

Analysts have reaffirmed their price target on Mitek Systems at $17.00, reflecting updated views on discount rate, revenue growth, profit margins and future P/E following recent research that includes an upgrade at a major brokerage firm. Analyst Commentary Recent research highlights a more constructive tone on Mitek Systems, with bullish analysts pointing to the reaffirmed US$17.00 price target as consistent with updated assumptions on discount rate, revenue growth, profit margins and future P/E.

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Shared on 24 Mar 26

MITK: Jefferies Upgrade And Buybacks Will Support Higher Future Multiple

Analysts now set their price target for Mitek Systems at $17.00, in line with the prior $17 level, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E that underpin recent research such as the upgrade at Jefferies. Analyst Commentary Recent bullish analysts highlight that the reaffirmed US$17.00 price target reflects updated assumptions around discount rate, revenue growth, profit margin, and future P/E.

3 views

Shared on 24 Feb 26

MITK: Jefferies Upgrade And Buybacks Will Support Higher Future Multiple

Analysts have raised their $17.00 price target for Mitek Systems, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple following recent research, including the Jefferies upgrade. Analyst Commentary Recent research has framed the higher $17.00 price target as part of a broader shift in how bullish analysts view Mitek Systems.

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Shared on 09 Feb 26

MITK: Share Repurchases And Guidance Will Support A Higher Future Multiple

Analysts have maintained their price target on Mitek Systems at $17.00, pointing to updated views on discount rates, revenue growth, profit margins, and a much higher assumed future P/E multiple of 61.12x that together adjust how they frame potential risk and reward for the stock. What's in the News Mitek Systems, Inc.

1 view

Shared on 25 Jan 26

Fair value Increased 13%

MITK: Higher Margins And Buybacks Will Support A Re Rating

Analysts have adjusted their price target on Mitek Systems from US$15 to US$17, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations as key drivers of the change. What's in the News Mitek issued earnings guidance for full year 2025, with total revenue of US$179.7 million compared to US$172.1 million a year ago and GAAP net income of US$8.8 million compared to US$3.3 million, or US$0.19 GAAP net income per diluted share compared to US$0.07 (Corporate Guidance) For the fourth quarter of 2025, the company reported total revenue of US$44.8 million compared to US$43.2 million a year ago, GAAP net income of US$1.9 million compared to US$8.6 million, and GAAP net income per diluted share of US$0.04 compared to US$0.18 (Corporate Guidance) Between July 1, 2025 and December 10, 2025, Mitek repurchased 1,029,636 shares, representing 2.26% of shares, for US$9.27 million under its existing buyback program (Buyback Tranche Update) Under the buyback announced on May 13, 2024, the company has in total repurchased 3,640,518 shares, representing 7.91% of shares, for US$36.63 million (Buyback Tranche Update) Valuation Changes Fair Value Estimate raised from US$15 to US$17 per share.

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Valuator

Company Info

Notes

AnalystHighTarget Fair Value

US$17

5.7% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

7.59%

Historical revenue growth rate

9.26%

Software revenue growth rate

1.53%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.70%

Calculation

US$26.49m

Earnings '29

x

36.68x

PE Ratio '29

=

US$971.69m

Market Cap '29

US$971.69m

Market Cap '29

/

44.58m

No. shares '29

=

US$21.80

Share Price '29

US$21.80 Share Price '29

Discounted to 2026 @ 9.11% p.a.

=

US$16.78

Fair Value '26