Kraken Robotics (CVE:PNG) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Kraken Robotics (CVE:PNG) had its price target increased by equities research analysts at Raymond James Financial from C$3.50 to C$4.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 15.61% from the company’s previous close. Raymond James Financial also issued estimates for Kraken Robotics’ Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at $0.04 EPS and FY2026 earnings at $0.09 EPS.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut Kraken Robotics from a “strong-buy” rating to a “hold” rating and boosted their target price for the stock from C$3.50 to C$4.00 in a report on Thursday, July 24th. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research report on Thursday, August 14th. National Bankshares set a C$3.00 price target on Kraken Robotics and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, Desjardins upgraded Kraken Robotics to a “moderate buy” rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$3.70.

Kraken Robotics Stock Down 1.4%

CVE:PNG opened at C$3.46 on Friday. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The stock has a 50-day simple moving average of C$3.35 and a 200 day simple moving average of C$2.74. Kraken Robotics has a one year low of C$1.38 and a one year high of C$3.93. The company has a market capitalization of C$940.68 million, a price-to-earnings ratio of 91.55 and a beta of 1.15.

Insider Buying and Selling

In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total transaction of C$753,408.00. 10.13% of the stock is owned by insiders.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.