Added to YB: 2025-04-08
Pitch date: 2025-02-19
MITK [bullish]
Mitek Systems, Inc.
+6.57%
current return
Author Info
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Company Info
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide.
Market Cap
$409.5M
Pitch Price
$9.44
Price Target
22.20 (+121%)
Dividend
N/A
EV/EBITDA
10.63
P/E
26.86
EV/Sales
2.23
Sector
Software
Category
turnaround
Show full summary:
Mitek Systems, Inc. - $MITK
MITK: 135% upside in 2-3 yrs. $435M cap, 10% FCF yield. New CEO Ed West. Mobile check deposit monopoly (90% US mkt), growing Check Fraud Defender (100%+ ARR growth), turnaround Identity segment. $1.25-$1.35 GAAP FCF/share FY28. 33% IRR. Risks: Identity scaling, check volume decline.
Read full article (7 min)