Kraken Robotics received a Buy rating in a new analysis highlighting its subsea battery technology. Analysts project a 137% price upside by the end of 2026. The price target is set at $8.80 per share.
Robust demand from defense and commercial sectors supports the positive outlook. The company raised its fiscal 2026 revenue guidance to a range of $290 million to $320 million.
This increase reflects strong order intake and the strategic acquisition of Covelya Group. Total announced orders for 2026 have reached approximately $355 million.