Navan’s Q3 results to be supported by resilient corporate travel, says Jefferies

Jefferies analyst Samad Samana keeps a Buy rating and $25 price target on Navan (NAVN) ahead of its first post-IPO earnings report next week. The company’s results are expected to be supported by resilient corporate travel trends and continued business momentum, the analyst tells investors in a research note. Jefferies adds that it expects conservatism from the management’s guidance as it navigates the impact of the government shutdown and broader macro concerns.