Analyst Price Target is C$1.28
▲ +16.67% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Kraken Robotics in the last 3 months. The average price target is C$1.28, with a high forecast of C$1.60 and a low forecast of C$1.00. The average price target represents a 16.67% upside from the last price of C$1.10.
Current Consensus is
Buy
The current consensus among 2 polled investment analysts is to buy stock in Kraken Robotics. This Buy consensus rating has held steady for over two years.
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. It operates in two segments, Sensors and Platforms, and Power. The company offers AquaPix Miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaVision, an underwater laser imaging system. It also provides Kraken Active Towed Fish (KATFISH), a towed underwater vehicle for high speed and high resolution seabed mapping; ThunderFish, an autonomous underwater vehicle; and ALARS, an autonomous launch and recovery system that enable an unmanned vehicle and its payloads to be brought aboard to a host ship. In addition, the company designs and manufactures pressure tolerant thrusters, drives, batteries, battery management systems, and electronics; and robotics as a service. It has operations in Canada, the United States, Europe, and internationally. It has a cooperative research and development agreement with naval undersea warfare center division for next generation synthetic aperture sonar beamforming. The company was formerly known as Kraken Sonar Inc. and changed its name to Kraken Robotics Inc. in September 2017. Kraken Robotics Inc. is headquartered in Mount Pearl, Canada.
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