The Globe and Mail reports in its Wednesday, Nov. 29, edition that Canaccord Genuity analyst Doug Taylor has reaffirmed his "buy" recommendation for Kraken Robotics. The Globe's David Leeder writes in the Eye On Equities column that Mr. Taylor gave his share target a 19-cent boost to $1. Analysts on average target the shares at $1.10. Mr. Taylor says in a note: "Kraken reported Q3 results that were somewhat mixed, as EBITDA beat expectations despite revenue coming in shy of forecast. With that said, the company clearly maintains a strong growth trajectory with a backlog and pipeline that should support another year of solid growth and more substantial profitability in 2024 on the back of defense sector demand. As we roll forward our model, we increase our target price to $1, given expected growth and robust profitability. This valuation represents just nine times NTM+1 EBITDA, a discount to peers despite Kraken's superior growth trajectory." The Globe reported on Dec. 1, 2021, and Dec. 1, 2022, that Mr. Taylor had reiterated his "buy" recommendation for Kraken Robotics, which could then be had for 38.5 cents and 56 cents.