Navan (NASDAQ:NAVN) Receives “Market Outperform” Rating from Citizens Jmp

Posted by George Bondi on Sep 10th, 2026

Navan (NASDAQ:NAVN – Get Free Report)‘s stock had its “market outperform” rating restated by equities research analysts at Citizens Jmp in a note issued to investors on Thursday, Benzinga reports. They presently have a $38.00 target price on the stock. Citizens Jmp’s target price indicates a potential upside of 84.95% from the company’s previous close.

NAVN has been the topic of several other reports. Oppenheimer lifted their price objective on Navan from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Morgan Stanley increased their price objective on Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Citigroup reissued an “outperform” rating on shares of Navan in a report on Thursday, June 11th. Finally, BMO Capital Markets increased their price objective on Navan from $22.00 to $30.00 and gave the stock an “outperform” rating in a report 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.50.

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Navan Stock Performance

NAVN stock traded down $5.34 during midday trading on Thursday, hitting $20.55. The company’s stock had a trading volume of 8,182,562 shares, compared to its average volume of 3,189,121. The stock’s 50-day moving average price is $27.25 and its 200 day moving average price is $19.84. The stock has a market cap of $5.23 billion and a price-to-earnings ratio of -9.56. Navan has a 1 year low of $8.10 and a 1 year high of $30.88. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.10.

Navan (NASDAQ:NAVN – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.17. The business had revenue of $232.79 million during the quarter. Navan’s revenue was up 35.4% on a year-over-year basis. On average, equities analysts forecast that Navan will post -0.37 EPS for the current year.

Insider Transactions at Navan

In other news, CEO Ariel Cohen sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the sale, the chief executive officer owned 1,086,242 shares of the company’s stock, valued at $32,739,333.88. The trade was a 17.16% decrease in their position. The sale was disclosed in a legal 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 1,019,900 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $20.00, for a total transaction of $20,398,000.00. Following the completion of the transaction, the insider directly owned 3,761,089 shares in the company, valued at $75,221,780. This represents a 21.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,481,362 shares of company stock valued at $113,690,219. 63.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Navan by 23.2% during 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Navan during the second quarter valued at $25,000. Royal Bank of Canada acquired a new stake in shares of Navan in the 4th quarter worth $35,000. California State Teachers Retirement System acquired a new position in shares of Navan in the 4th quarter valued at $39,000. Finally, Orion Capital Management LLC purchased a new position in Navan during the second quarter worth about $54,000.

Navan News Roundup

Here are the key news stories impacting Navan this week:

Positive Sentiment: Strong Q2 performance: Navan reported adjusted earnings of $0.05 per share, versus the consensus estimate of a $0.12 loss, while revenue rose 35.4% year over year to $232.79 million. Navan earnings results
Positive Sentiment: Raised revenue guidance: Navan projected fiscal 2027 revenue of $927 million-$933 million, above the $909.2 million analyst consensus, and forecast third-quarter revenue of $253 million-$255 million, ahead of the $248.1 million consensus. Navan raises 2027 outlook
Positive Sentiment: Analyst support remains strong: TD Cowen maintained a Buy rating with a $31 price target, BTIG reaffirmed Buy with a $30 target, and Rosenblatt raised its target to $29 from $27.
Positive Sentiment: Expansion into events: Navan acquired AI-powered events platform BoomPop, broadening its business travel and expense offering into meetings and event management. Navan acquires BoomPop
Neutral Sentiment: Unusually high call-option activity indicated increased speculative interest, with call purchases roughly triple the typical daily volume.
Negative Sentiment: Cost concerns overshadowed the results: Reports said shares fell as investors focused on rising expenses and execution risks associated with Navan’s growth investments and BoomPop acquisition, even though the company exceeded estimates and raised its forecast. Navan earnings and cost concerns

Navan Company Profile

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Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.