Navan (NASDAQ:NAVN) Given New $29.00 Price Target at Rosenblatt Securities

Navan (NASDAQ:NAVN) had its price objective raised by equities research analysts at Rosenblatt Securities from $27.00 to $29.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 12.01% from the stock’s current price.

A number of other research analysts also recently weighed in on NAVN. BNP Paribas Exane lifted their price target on Navan from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 13th. BMO Capital Markets raised their price objective on Navan from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. TD Cowen upped their target price on Navan from $29.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Morgan Stanley raised their price target on shares of Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Finally, Bank of America upped their price objective on shares of Navan from $26.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Navan Trading Down 2.8%

Navan stock opened at $25.89 on Thursday. The company has a 50 day moving average price of $27.25 and a 200 day moving average price of $19.84. Navan has a 52 week low of $8.10 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.31 and a current ratio of 4.31. The firm has a market capitalization of $6.58 billion and a price-to-earnings ratio of -12.04.

Navan (NASDAQ:NAVN) last announced its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.17. The firm had revenue of $232.79 million for the quarter. Research analysts forecast that Navan will post -0.37 EPS for the current year.

Insider Buying and Selling at Navan

In related news, major shareholder Lightspeed Venture Partners Se sold 8,983 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $25.36, for a total transaction of $227,808.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arif Janmohamed sold 77,323 shares of Navan stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $19.06, for a total transaction of $1,473,776.38. Following the completion of the sale, the director owned 2,280,989 shares of the company’s stock, valued at $43,475,650.34. This trade represents a 3.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,481,362 shares of company stock worth $113,690,219 over the last quarter. Insiders own 63.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. bought a new position in shares of Navan during the 4th quarter valued at $56,848,000. UBS Group AG bought a new stake in Navan in the fourth quarter worth $9,125,000. Geode Capital Management LLC acquired a new position in Navan during the fourth quarter worth $18,192,000. Seven Grand Managers LLC acquired a new position in Navan during the fourth quarter worth $1,708,000. Finally, Norges Bank bought a new position in Navan during the fourth quarter valued at about $34,160,000.

Navan News Summary

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan exceeded quarterly expectations. Fiscal Q2 revenue was $232.79 million, while adjusted earnings were $0.05 per share versus the consensus estimate of a $0.12 loss. The company also reported continued customer and corporate-travel demand growth. Navan Acquires BoomPop, Lifts Outlook as 2Q Loss Narrows
• Positive Sentiment: Management raised its revenue outlook. Fiscal 2027 revenue guidance increased to $927 million-$933 million, above the $909.2 million analyst consensus. Third-quarter revenue is expected at $253 million-$255 million, also ahead of the $248.1 million consensus. Navan Raises 2027 Outlook After Strong Q2 Results
• Positive Sentiment: Navan acquired BoomPop, an AI-powered meetings and events platform. The deal expands Navan beyond business travel and expense management into event planning, venue sourcing, contracts, payments and group travel. Terms were not disclosed. Navan Acquires BoomPop
• Positive Sentiment: A technology partnership with Engine will add capabilities for hotel flexibility and group travel, potentially broadening Navan’s product offering and customer value. Navan, Engine Announce Strategic Technology Partnership
• Neutral Sentiment: Unusually heavy options activity included purchases of 3,105 call contracts, roughly 195% above typical volume. This indicates increased speculative interest but does not establish a fundamental price direction.
• Negative Sentiment: The stock’s negative reaction suggests investors were more concerned about rising costs, acquisition-related spending and the execution risks of rapid expansion than about the earnings beat and higher forecast. Navan Beats Estimates, Raises Forecast; Shares Tumble on Cost Concerns

Navan Company Profile

Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.