BMO Capital raised the firm’s price target on Navan (NAVN) to $15 from $13 and keeps an Outperform rating on the shares. The company posted a strong Q4 and 2027 guidance, with significant upside in growth and profitability, the analyst tells investors in a research note. AI worries that have pressured the stock are overdone given the complexity of the market for business travelers and major cost savings that customers are realizing using the Navan platform, the firm added.
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