RBC sets CAD 6.00 target for Kraken Robotics stock

Published on 10/17/2026 at 21:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue reached CAD 27.30 million, up 4.00 percent. Kraken Robotics stock stood at CAD 4.05 on October 16, 2026, up 1.76 percent on TSXV.

Analyst target and stock metrics

RBC Capital set a CAD 6.00 target on September 15, 2026.
Second-quarter 2026 revenue reached CAD 27.30 million, up 4.00 percent year over year.
Kraken Robotics stock stood at CAD 4.05 at 4:00 p.m. ET on October 16, 2026, up 1.76 percent versus the prior close.
The next earnings date is November 30, 2026.

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RBC Capital set a CAD 6.00 price target for Kraken Robotics on September 15, 2026, when it initiated coverage with a Buy rating, according to Investing.com. Against the CAD 4.05 closing price on October 16, 2026, the target stood 48.15 percent above the share price. Kraken Robotics stock was up 1.76 percent on the TSX Venture Exchange in that session.

Second-quarter revenue grew 4.00 percent

Kraken reported CAD 27.30 million in second-quarter 2026 revenue, compared with CAD 26.40 million a year earlier. The increase was 4.00 percent, while gross profit reached CAD 16.20 million and the gross margin rose to 59.00 percent from 56.00 percent, according to The Globe and Mail. Adjusted EBITDA was CAD 5.00 million, equal to an 18.00 percent margin. The release identified a CAD 1.50 million revenue reversal tied to a change in scope on an integration project.

Price position on October 16

The TSX Venture close was CAD 4.05 on October 16, 2026, after a session between CAD 3.77 and CAD 4.10. Trading volume reached 2,679,593 shares, against an average volume of 2,679,593 shares in the quoted market data. The 52-week range was CAD 3.77 to CAD 10.72, placing the close 62.22 percent below the high and 7.43 percent above the low.

Valuation and November date

Kraken Robotics had a market capitalization of CAD 1.2 billion on October 16, 2026. Its price-to-earnings ratio was negative 166.67, reflecting reported losses, while no dividend yield was listed. The next earnings date is November 30, 2026, according to Investing.com.

Comparison with peers

Kraken Robotics: plus 1.76 percent, P/E -166.67, market capitalization CAD 1.2 billion
Oceaneering International (NYSE, USD): plus 1.72 percent, P/E 12.58, market capitalization USD 4.4 billion
Teledyne Technologies (NYSE, USD): minus 0.21 percent, P/E 29.87, market capitalization USD 28.7 billion

Market position in context

Kraken Robotics combines sonar, navigation, imaging, communications and subsea power systems for defense, offshore energy and ocean science customers. Its 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, according to the Q2 release dated August 27, 2026. The comparison is therefore between a company expanding its product base and a share price still positioned near the bottom of its annual range.

Kraken Robotics stock stood at CAD 4.05 on the TSX Venture Exchange at 4:00 p.m. ET on October 16, 2026, up 1.76 percent versus the prior close of October 15, 2026.