Navan (NASDAQ:NAVN) Trading 5.7% Higher – Here’s Why

Navan, Inc. (NASDAQ:NAVN)’s share price was up 5.7% during trading on Wednesday . The company traded as high as $15.95 and last traded at $15.78. Approximately 133,095 shares changed hands during trading, a decline of 93% from the average daily volume of 1,865,121 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

NAVN has been the topic of several analyst reports. Morgan Stanley began coverage on Navan in a report on Monday. They set an “overweight” rating and a $19.00 target price on the stock. Rosenblatt Securities assumed coverage on shares of Navan in a research note on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Navan in a research report on Monday. They issued a “buy” rating and a $25.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Navan in a research note on Monday. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, JMP Securities set a $25.00 price objective on Navan in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $25.23.

Navan Stock Up 7.6%

About Navan

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.