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Kraken Robotics targets 200% revenue growth by 2026 amid NATO spending and Covelya deal.

Analyst Insights
04 Sep 2026
Seeking Alpha
View Source
Bullish
Kraken Robotics targets 200% revenue growth by 2026 amid NATO spending and Covelya deal.

Kraken Robotics is entering a significant growth phase fueled by increased NATO defense spending, autonomous system demand, and its acquisition of Covelya. The company has $355 million in product orders and projects 200% revenue growth by 2026. Success depends on integrating Covelya and fulfilling large defense contracts to convert backlog into steady revenue and profits. Analysts see a 60% upside potential as Kraken leverages its expanded portfolio and manufacturing capabilities.

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