Analysts Offer Insights on Technology Companies: Mitek Systems (MITK) and Clearwater Analytics Holdings (CWAN)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Mitek Systems (MITK – Research Report) and Clearwater Analytics Holdings (CWAN – Research Report) with bullish sentiments.

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Mitek Systems (MITK)

H.C. Wainwright analyst Scott Buck maintained a Buy rating on Mitek Systems today and set a price target of $13.00. The company’s shares closed last Friday at $9.74.

According to TipRanks.com, Buck has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -21.6% and a 23.0% success rate. Buck covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Mogo Finance Technology, and Lightpath Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mitek Systems with a $14.50 average price target, which is a 27.3% upside from current levels. In a report issued on May 9, William Blair also maintained a Buy rating on the stock.

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Clearwater Analytics Holdings (CWAN)

William Blair analyst Dylan Becker maintained a Buy rating on Clearwater Analytics Holdings today. The company’s shares closed last Friday at $23.59.

According to TipRanks.com, Becker is a 5-star analyst with an average return of 9.4% and a 63.6% success rate. Becker covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, The Descartes Systems Group, and ServiceTitan, Inc. Class A.

Clearwater Analytics Holdings has an analyst consensus of Strong Buy, with a price target consensus of $34.33, a 48.0% upside from current levels. In a report issued on April 30, Wells Fargo also maintained a Buy rating on the stock with a $32.00 price target.

Read More on MITK:

Disclaimer & DisclosureReport an Issue

• Mitek Systems’ Promising Financial Outlook and Strategic Moves Justify Buy Rating
• Mitek Systems’ Earnings Call Highlights Robust Growth
• Mitek Systems Reports Record Revenue and Profitability
• Closing Bell Movers: Pinterest jumps 15%, Toast up 7% after earnings
• Mitek Systems Secures $75M Loan with SVB