National Bank cuts target to CAD 8.00 for Kraken Robotics stock

Published on 10/27/2026 at 22:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 results are due November 24, 2026. Kraken Robotics stock costs EUR 2.56 on October 27, 2026, with CAD 1.2 billion market value.

Target and reporting date

National Bank Financial cut its Kraken Robotics target from CAD 10.00 to CAD 8.00 on October 21, 2026.
Q2 2026 revenue rose to CAD 27.30 million, up 4.00 percent from Q2 2025.
Kraken Robotics stock costs EUR 2.56 at Lang & Schwarz on October 27, 2026 at 10:43 p.m. CEST.
Q3 2026 results are scheduled for November 24, 2026.

PNG, CA50077N1024, Illustration mit AI erstellt.

National Bank Financial cut its Kraken Robotics price target from CAD 10.00 to CAD 8.00 on October 21, 2026, while maintaining an Outperform rating, as MarketBeat reported. Kraken Robotics was trading at EUR 2.56 at Lang & Schwarz on October 27, 2026 at 10:43 p.m. CEST.

What does the lower target imply?

The revised CAD 8.00 target stands 99.50 percent above the primary-market price of CAD 4.01 reported for October 27, 2026. The target remains a forward-looking analyst view, while the company is preparing to publish its first combined quarter after the Covelya acquisition.

Q2 revenue reached CAD 27.30 million

Kraken Robotics reported Q2 2026 revenue of CAD 27.30 million, up 4.00 percent from CAD 26.40 million in Q2 2025, according to The Globe and Mail. Adjusted EBITDA rose 7.00 percent to CAD 5.00 million, while adjusted EBITDA margin was 18.00 percent, unchanged from the prior-year quarter.

Results date and valuation

Kraken Robotics is scheduled to report Q3 2026 results on November 24, 2026, according to the company's Q2 earnings call transcript published by Yahoo Finance. The quarter will be the first to include the Covelya Group, acquired on July 2, 2026. Kraken's 2026 guidance calls for revenue of CAD 290.00 million to CAD 320.00 million and adjusted EBITDA of CAD 65.00 million to CAD 75.00 million, as stated in the Q2 release.

Stock range and company scale

Kraken Robotics has a market capitalization of CAD 1.2 billion as of October 27, 2026. Its 52-week range is CAD 3.77 to CAD 10.72, leaving the primary-market quote of CAD 4.01 6.37 percent above the low and 62.59 percent below the high. The company develops sonar, navigation, imaging, power and communications systems for subsea defense, offshore energy and ocean science.

Stock perspective

The analyst revision puts the near-term debate on valuation and execution. Investors will receive a clearer test of the acquisition strategy when the combined Q3 figures arrive, while the Q2 numbers showed revenue growth alongside an adjusted EBITDA margin of 18.00 percent.

The further course of trading is shown by the continuously updated real-time quote of Kraken Robotics stock.