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Added to YB: 2026-02-25

Pitch date: 2025-12-16

MITK [bullish]

Mitek Systems, Inc.

+27.52%

current return

Author Info

No bio for this author

Company Info

Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution.

Market Cap

$590.5M

Pitch Price

$10.10

Price Target

20.20 (+63%)

Dividend

N/A

EV/EBITDA

13.52

P/E

37.99

EV/Sales

3.01

Sector

Software

Category

turnaround

Show full summary:
Mitek Systems, Inc. - $MITK

MITK: Check deposit biz (50% rev) stable despite digitalization, LSD decline offset by high margins. F&I segment now profitable & growing DD, targeting $100M in 2026. Check Fraud Defender reached 50% banking accounts (major milestone), creating flywheel effect & pricing power. New CEO executing well, beating estimates, bought $500K stock. Net cash, DD FCF yield. 2yr target: Rule of 40 (8-10% growth, low 30s margin), mid-$60M EBITDA at 15x = 2x+ upside.

Read full article (3 min)