Craig-Hallum Maintains Buy on Mitek Systems, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Chad Bennett maintains a Buy rating on Mitek Systems (NASDAQ:MITK) but lowers the price target from $19 to $15.

August 09, 2024 | 4:13 pm
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Craig-Hallum analyst Chad Bennett maintains a Buy rating on Mitek Systems but lowers the price target from $19 to $15.
The Buy rating suggests continued confidence in Mitek Systems' long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100