Mitek Systems named a ‘2024 Top Pick’ at Northland

Northland named Mitek Systems as a “Top Pick for 2024,” citing the belief that Mitek is well-positioned to see continued performance in both Mobile ID and Mobile Deposit, Check Fraud Defender, and strong liquidity. While preliminary Q4 results were in-line and the 10K is going to be “a little late,” the firm believes Mitek can take advantage of tailwinds in each vertical going forward, says the analyst, who keeps an Outperform rating and $16 price target on the shares.