Mitek Systems price target raised to $14 from $13 at Jefferies

Jefferies analyst Surinder Thind raised the firm’s price target on Mitek Systems to $14 from $13 and keeps a Buy rating on the shares ahead of earnings. There should be “no surprises” given fiscal Q4 results were pre-announced last quarter and preliminary FY24 guidance provided, though the firm sees some debate around Q1 revenues and calls out “a wide range of expectations around adjusted earnings.”