Navan, Inc. Class A, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Chris Quintero from Morgan Stanley maintained a Buy rating on the stock and has a $20.00 price target.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Chris Quintero has given his Buy rating due to a combination of factors that highlight Navan, Inc.’s strong financial performance and growth potential. The company reported a significant increase in Gross Booking Volume (GBV) and Total Revenue, both surpassing market expectations. Specifically, GBV grew by 40% year-over-year, while Total Revenue saw a 29% increase, both outperforming consensus estimates by 8% and 7%, respectively.
Additionally, Navan’s upward revision of its FY26 Total Revenue guidance to 28% year-over-year growth, compared to the consensus of 25%, underscores its robust market position. The company’s successful enterprise sales strategy, evidenced by major deals with prominent companies like a CAC40 company, Frasers Group, Axel Springer, and Visa, further supports the positive outlook. Quintero believes that Navan’s attractive valuation at 3X Sales and its potential for continued upward estimate revisions make it a compelling investment opportunity.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $20.00 price target.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NAVN in relation to earlier this year.