Navan (NAVN) Reiterated at Market Outperform by Citizens

Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $38.00 price target on Navan Inc (NASDAQ: NAVN).

The analyst commented, "We maintain our Market Outperform rating and $38 price target on Navan, Inc. after it reported strong F2Q27 results, with non-GAAP EPS of $0.05 (consensus $0.04) and operating margins of 7.4% (consensus 6.3%) on revenue of $233M, up 35% y/y (consensus $220M) versus 40% y/y growth last quarter, and GBV of $3.00B (consensus $2.85B), up 45% y/y versus 50% last quarter – all of which left the stock down 15% in the aftermarket, after having risen 59% year to date versus an increase of 11% for the Russell 3000. Guidance was better than expected across the board reflecting the strong tone of business with: 1) F3Q27 non-GAAP operating income of $35.5M-$36.5M (consensus $35.4M) on revenue of $253M-$255M (consensus $247.9M), representing growth of 30% at the midpoint; 2) FY27 non-GAAP operating income of $82M-$86M (consensus $78.6M, prior guidance $76M-$80M) on revenue of $927M-$933M (consensus $911.0M, prior guidance $907M-$913M), representing growth of 32% at the midpoint, up from 31% in FY26; and 3) an annual raise of $20M, consisting of the $12M beat in Q2, plus another $8M in the backhalf of the year."

For an analyst ratings summary and ratings history on Navan Inc click here. For more ratings news on Navan Inc click here.

Shares of Navan Inc closed at $25.89 yesterday.

You May Also Be Interested In

• UBS Starts Vistry Group PLC (VTY:LN) at Neutral
• Morgan Stanley Resumes Under Armour, Inc. (UAA) at Underweight
• UBS Starts Taylor Wimpey Plc. (TW/:LN) (TWODF) at Sell