Navan (NASDAQ:NAVN) Shares Down 6% – Should You Sell?

Shares of Navan, Inc. (NASDAQ:NAVN) fell 6% on Thursday . The stock traded as low as $14.73 and last traded at $14.80. 585,771 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,699,576 shares. The stock had previously closed at $15.75.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC started coverage on Navan in a research report on Monday, November 24th. They set a “buy” rating and a $25.00 target price for the company. Citizens Jmp initiated coverage on shares of Navan in a research note on Monday, November 24th. They issued a “market outperform” rating and a $25.00 target price on the stock. BNP Paribas Exane began coverage on shares of Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $24.00 target price for the company. JMP Securities set a $25.00 price target on shares of Navan in a research report on Monday, November 24th. Finally, Mizuho initiated coverage on shares of Navan in a research note on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, Navan currently has an average rating of “Buy” and an average price target of $25.23.

Navan Stock Down 6.9%

Navan Company Profile

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.