TD Cowen Cuts Navan (NASDAQ:NAVN) Price Target to $31.00

Navan (NASDAQ:NAVN) had its price objective decreased by TD Cowen from $34.00 to $31.00 in a research note published on Thursday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also recently commented on NAVN. Citigroup restated an “outperform” rating on shares of Navan in a research report on Thursday, June 11th. Jefferies Financial Group increased their price target on Navan from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Oppenheimer raised their price objective on Navan from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Morgan Stanley upped their target price on Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.50.

Navan Stock Performance

Shares of NASDAQ NAVN opened at $21.02 on Thursday. The company has a market capitalization of $5.35 billion and a PE ratio of -4.15. 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 company’s fifty day moving average price is $27.05 and its 200 day moving average price is $19.92. Navan has a 1 year low of $8.10 and a 1 year high of $30.88.

Navan (NASDAQ:NAVN) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17. The company had revenue of $232.79 million during the quarter. Navan had a negative net margin of 42.11% and a negative return on equity of 14.18%. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, research analysts predict that Navan will post -0.37 earnings per share for the current year.

Insider Activity at Navan

In other news, CEO Ariel Cohen sold 168,378 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.14, for a total transaction of $5,074,912.92. Following the completion of the sale, the chief executive officer owned 1,086,242 shares of the company’s stock, valued at $32,739,333.88. This represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Lightspeed Venture Partners Se sold 8,983 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $25.36, for a total transaction of $227,808.88. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,441,562 shares of company stock worth $72,894,219 over the last 90 days. Corporate insiders own 63.39% of the company’s stock.

Institutional Trading of Navan

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of Navan by 23.2% in the second quarter. Versant Capital Management Inc now owns 5,785 shares of the company’s stock valued at $132,000 after purchasing an additional 1,091 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Navan during the second quarter worth approximately $25,000. Royal Bank of Canada acquired a new position in Navan during the fourth quarter worth $35,000. California State Teachers Retirement System purchased a new stake in Navan in the 4th quarter valued at $39,000. Finally, Orion Capital Management LLC purchased a new stake in Navan in the 2nd quarter valued at $54,000.

Key Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Quarterly results exceeded expectations. Navan reported fiscal Q2 revenue of approximately $232.8 million, up 35.4% year over year, and adjusted earnings of $0.05 per share versus the $0.12-per-share loss analysts expected. Gross booking volume rose 45% to more than $3 billion, supported by new customers, larger cohorts and increased spending from existing customers. Navan Growth Accelerates, but Execution Risks Remain
• Positive Sentiment: Navan raised its outlook. Management increased fiscal 2027 earnings guidance and forecast third-quarter revenue of $253 million to $255 million, citing strong corporate travel demand and customer growth. The stronger forecast reinforces the company’s growth narrative. Navan Acquires BoomPop, Lifts Outlook as Second-Quarter Loss Narrows
• Positive Sentiment: Analysts remain bullish. Citizens JMP reaffirmed a Market Outperform rating with a $38 price target, while BTIG maintained Buy with a $30 target. Rosenblatt raised its target to $29, and TD Cowen retained Buy despite reducing its target to $31. These targets imply substantial upside if Navan delivers on its growth plans.
• Positive Sentiment: BoomPop expands Navan’s addressable market. The acquisition of AI-powered events platform BoomPop gives Navan an entry into meetings and events, potentially increasing cross-selling opportunities beyond business travel and expense management. Navan Buys BoomPop to Push Into Meetings and Events
• Negative Sentiment: Execution and cost concerns could limit gains. Despite the earnings beat, some coverage highlighted cost pressures and the risk that the BoomPop acquisition could distract management or increase spending. Navan remains unprofitable, so investors will watch margins, cash use and integration progress closely. Navan Priced for Perfection With M&A a Potential Distraction

Navan Company Profile

Navan, Inc is a business travel and expense management technology company. The company provides an integrated platform that helps organizations plan and book business travel, manage travel-related spending, and streamline expense reporting and reimbursement.

Its products and services include corporate travel booking, lodging and transportation reservations, expense management tools, payment and corporate card capabilities, travel policy controls, and reporting solutions. Navan also uses automation and artificial intelligence to assist employees with trip planning and help companies manage travel programs and spending.

The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and later adopted the Navan name as its platform expanded beyond travel booking into broader spend management.