Navan (NASDAQ:NAVN) Price Target Raised to $28.00 at Citigroup

Navan (NASDAQ:NAVN) had its price objective upped by Citigroup from $21.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 18.05% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America increased their price objective on shares of Navan from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen increased their price objective on shares of Navan from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citizens Jmp increased their price objective on shares of Navan from $31.00 to $38.00 and gave the company a “market outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Navan currently has a consensus rating of “Moderate Buy” and an average target price of $28.64.

Navan Stock Up 13.7%

Shares of Navan stock traded up $2.85 on Thursday, reaching $23.72. 8,210,991 shares of the company were exchanged, compared to its average volume of 2,768,893. Navan has a 1-year low of $8.10 and a 1-year high of $24.50. The company has a market cap of $5.95 billion and a P/E ratio of -11.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.07 and a quick ratio of 4.07. The stock’s 50 day moving average price is $17.26 and its 200-day moving average price is $14.48.

Navan (NASDAQ:NAVN) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.20. The firm had revenue of $220.23 million during the quarter. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. As a group, equities analysts forecast that Navan will post -0.33 EPS for the current year.

Insider Activity at Navan

In related news, CTO Ilan Ezra Twig sold 49,210 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $8.62, for a total value of $424,190.20. Following the transaction, the chief technology officer directly owned 538,012 shares of the company’s stock, valued at $4,637,663.44. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Eric Sindicich sold 51,169 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $20.20, for a total transaction of $1,033,613.80. Following the completion of the transaction, the president directly owned 549,251 shares in the company, valued at $11,094,870.20. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 253,592 shares of company stock valued at $2,778,500 in the last ninety days. Insiders own 63.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Lightspeed Management Company L.L.C. purchased a new position in shares of Navan in the 4th quarter valued at $852,658,000. a16z Capital Management L.L.C. purchased a new position in shares of Navan in the 4th quarter valued at $464,497,000. Greenoaks Capital Partners LLC purchased a new position in shares of Navan in the 4th quarter valued at $274,088,000. Cosmic Management LLC purchased a new position in shares of Navan in the 4th quarter valued at $121,930,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd purchased a new position in shares of Navan in the 4th quarter valued at $100,332,000.

Navan News Roundup

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan posted a strong Q1 beat, reporting adjusted EPS of $0.08 versus expectations for a loss, while revenue rose 39.8% year over year to $220.23 million. Navan Announces First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 outlook, with revenue guidance of $907 million to $913 million, above Wall Street estimates, signaling continued momentum in enterprise travel and expense demand. Navan lifts 2027 outlook on strong Q1 performance
• Positive Sentiment: Several analysts turned more constructive, including Citizens JMP raising its target to $38, Bank of America to $26, and Mizuho, BTIG, and BMO all lifting targets to $30, reinforcing the post-earnings upside narrative. Benzinga analyst target updates
• Positive Sentiment: Unusual call buying also pointed to rising bullish sentiment, with options volume well above normal as traders positioned for more upside in NAVN. Benzinga unusual options trading
• Neutral Sentiment: Coverage highlighted strong growth metrics such as 50% gross booking volume growth and tripled RFP activity, but also noted the stock’s valuation remains expensive after the recent rally. Navan’s Q1 Growth Impresses, But Valuation Is Very Expensive

About Navan

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.