The Globe and Mail reports in its Friday edition that National Bank Financial analyst Mike Stevens thinks a "compelling setup remains" for Kraken Robotics following Thursday's close of its $615-million acquisition of Covelya Group and an update to its fiscal 2026 guidance. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stevens now sees Kraken's valuation as "much more attractive" following the closing of the acquisition, but he trimmed his target for its shares to $10 from $13 to reflect lower near-term expectations (in fiscal 2026). Analysts on average target the shares at $9.50. Kraken also revealed its intention to uplist its shares to the TSX, expecting the process to be completed by year-end 2026 or early 2027. Mr. Stevens says in a note: "Kraken's updated FY26 guidance came in slightly below consensus estimates and our (internal) expectations; recall that we had not published formal consolidated forecasts while the acquisition was pending. The delta comes from lower expected (Kraken) sServices revenue as there's an acoustic corer project that hasn't materialized yet along with the removal of KATFISH from the services business, as customer demand is centred on purchases rather than rentals."