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Kraken Robotics stock drops 50% but remains a buy with strong growth outlook and acquisition boost.

Analyst Insights
13 Oct 2026
Seeking Alpha
View Source
Bullish
Kraken Robotics stock drops 50% but remains a buy with strong growth outlook and acquisition boost.

Kraken Robotics (KRKNF) stock has fallen nearly 50% in six months despite management's optimistic guidance. The recent acquisition of Covelya Group expands Kraken's scale and product offerings, positioning the company for accelerated revenue growth and cross-selling opportunities. Kraken projects 2026 revenues between $290 million and $320 million, with adjusted EBITDA of $65 million to $75 million, expecting 200% revenue growth post-acquisition. Trading at a forward price-to-sales ratio of 5.35 for 2026, Kraken appears undervalued given its growth potential and strong balance sheet.

Kraken Robotics' stock has dropped nearly 50% in six months, providing context for readers interested in technology stocks. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 13, 2026 21:21 WIB: Of 150 priced US technology stocks tradable on Pluang, 80 rose and 68 fell today. Notable movers include Kyndryl Holdings Inc (KD) with a 1-day gain of +4.46% and 100% buy order activity, contrasting with Arista Networks Inc (ANET) and Micron Technology, Inc. (MU), which fell about 4.3% each with mixed sell/buy order activity.

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