Canaccord Genuity Remains a Buy on Kraken Robotics Systems Inc (PNG)

Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Kraken Robotics Systems Inc today and set a price target of C$9.50.

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According to TipRanks, Galappatthige is a 3-star analyst with an average return of 1.8% and a 46.41% success rate. Galappatthige covers the Communication Services sector, focusing on stocks such as BCE, Stingray Group, and Cineplex.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kraken Robotics Systems Inc with a C$9.50 average price target.

Based on Kraken Robotics Systems Inc's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$21.71 million and a GAAP net loss of C$3.33 million. In comparison, last year the company earned a revenue of C$16.13 million and had a net profit of C$215 thousand