5 Under-the-Radar AI Stocks to Buy in 2026

2. Mitek Systems, Inc. (NASDAQ:MITK)

Number of Hedge Fund Holders: 21

On May 13, Mitek Systems, Inc. (NASDAQ:MITK) announced that its Verified Identity Platform is now available through the FICO Marketplace, expanding access to its identity verification and fraud prevention technologies. The integration enables enterprises to more easily deploy trusted identity solutions within existing decision-making workflows while leveraging artificial intelligence, analytics, and data services. Management emphasized that embedding identity intelligence directly into enterprise risk processes is increasingly important as fraud threats become more sophisticated and AI-driven.

Earlier, on May 7, Mitek Systems, Inc. (NASDAQ:MITK) reported second-quarter revenue of $54.84 million, exceeding consensus expectations of $52.59 million. The company also delivered record revenue and profitability, supported by 18% year-over-year growth in its software-as-a-service business as customers processed more transactions through Mitek’s platform to combat AI-enabled fraud. Encouraged by strong customer demand and expanding relationships with major financial institutions, management raised its full-year outlook and projected third-quarter revenue above analyst expectations.

Mitek Systems, Inc. (NASDAQ:MITK) is a global software company specializing in digital identity verification and fraud prevention technologies. Founded in 1986 and headquartered in San Diego, California, the company’s solutions enable businesses to securely verify identities, authenticate documents, and streamline digital onboarding processes across financial services, fintech, and other regulated industries.