Navan’s (NASDAQ:NAVN – Get Free Report) quiet period is set to expire on Tuesday, December 9th. Navan had issued 36,924,406 shares in its public offering on October 30th. The total size of the offering was $923,110,150 based on an initial share price of $25.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. BNP Paribas Exane initiated coverage on Navan in a report on Monday, November 24th. They set an “outperform” rating and a $24.00 target price on the stock. Rosenblatt Securities started coverage on shares of Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $30.00 price objective on the stock. JMP Securities set a $25.00 target price on shares of Navan in a research note on Monday, November 24th. Needham & Company LLC initiated coverage on shares of Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Morgan Stanley began coverage on Navan in a report on Monday, November 24th. They issued an “overweight” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $25.23.
Get Our Latest Stock Report on NAVN
Navan Stock Performance
About Navan
Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.
Featured Articles
- Five stocks we like better than Navan
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast
- Why Invest in 5G? How to Invest in 5G Stocks
- Five Below and Dollar Tree Earnings Signal a Shopper Shift
- What is a penny stock? A comprehensive guide
- Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?
Receive News & Ratings for Navan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navan and related companies with MarketBeat.com's FREE daily email newsletter.
