National Bank cuts Kraken Robotics stock target to CAD 8.00
Published on 10/24/2026 at 19:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNational Bank target cut
- National Bank Financial lowered its Kraken Robotics target from CAD 10.00 to CAD 8.00 on October 21, 2026.
- Q2 2026 revenue rose 4.00 percent to CAD 27.30 million, while adjusted EBITDA increased 7.00 percent to CAD 5.00 million.
- Kraken Robotics stock costs EUR 2.59 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.
Kraken Robotics (ISIN CA50077N1024) is facing a lower analyst target after National Bank Financial cut its valuation from CAD 10.00 to CAD 8.00 on October 21, 2026. According to MarketBeat, the bank kept an outperform rating. Kraken Robotics stock was trading at EUR 2.59 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.
Target remains above the market
The CAD 8.00 target stood 96.56 percent above Kraken Robotics' CAD 4.07 TSX Venture price on October 23, 2026, using the same currency for the comparison. The target revision is therefore more cautious than the earlier CAD 10.00 view, but it still leaves a wide gap between the analyst valuation and the latest Canadian quotation.
Q2 revenue reached CAD 27.30 million
Kraken Robotics reported CAD 27.30 million of revenue for the second quarter ended June 30, 2026, up 4.00 percent from CAD 26.40 million a year earlier. Adjusted EBITDA rose 7.00 percent to CAD 5.00 million from CAD 4.70 million, while adjusted EBITDA margin stayed at 18.00 percent. These figures come from the company's results release carried by The Globe and Mail on August 27, 2026.
Price range and valuation
On the TSX Venture Exchange, Kraken Robotics last traded at CAD 4.07 on October 23, 2026 at 4:00 p.m. ET. Its 52-week range was CAD 3.77 to CAD 10.72, while market capitalization stood at CAD 1.3 billion on that date. The latest Canadian price was 61.00 percent below the 52-week high and 7.96 percent above the 52-week low.
Next results date is November 30
TradingView lists November 30, 2026 as Kraken Robotics' next earnings date. The report would be the first scheduled update after the company completed its Covelya acquisition on July 2, 2026, making the integration contribution a central issue for the next results.
Stock remains tied to execution
The latest operating figures combine modest quarterly revenue growth with stronger adjusted EBITDA growth. The contrast gives the CAD 8.00 target a clear execution condition: Kraken must convert its expanded subsea technology portfolio into higher revenue while preserving profitability through the integration period.
Current trading level
The euro quotation was EUR 2.59 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Kraken Robotics stock.
Kraken Robotics stock at a glance
- Company: Kraken Robotics Inc.
- ISIN: CA50077N1024
- Ticker: PNG
- Primary exchange: TSX Venture Exchange
- Price Lang & Schwarz (as of October 24, 2026, 1:04 p.m. CEST): EUR 2.59
- Market capitalization: CAD 1.3 billion (as of October 23, 2026)
- 52-week range: CAD 3.77-10.72 (as of October 23, 2026)
- Sector / Industry: Marine technology
- Next earnings date: November 30, 2026
Market context: Market report S&P/TSX Composite.
