HC Wainwright & Co. Maintains Buy on Mitek Systems, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck maintains a Buy rating on Mitek Systems (NASDAQ:MITK) but lowers the price target from $19 to $11.

August 12, 2024 | 6:32 pm
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HC Wainwright & Co. analyst Scott Buck maintains a Buy rating on Mitek Systems but lowers the price target from $19 to $11.
The Buy rating suggests continued confidence in Mitek Systems' long-term prospects, but the significant reduction in the price target indicates concerns about short-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100