Navan (NASDAQ:NAVN) Trading 5.7% Higher – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NAVN. Citizens Jmp began coverage on shares of Navan in a report on Monday. They issued a “market outperform” rating and a $25.00 price objective on the stock. BTIG Research initiated coverage on shares of Navan in a research report on Monday. They issued a “buy” rating and a $26.00 price target on the stock. Loop Capital raised shares of Navan to a “strong-buy” rating in a research report on Monday. JMP Securities set a $25.00 price objective on Navan in a research note on Monday. Finally, Mizuho started coverage on Navan in a research report on Monday. They set an “outperform” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $25.23.

Navan Stock Up 9.8%

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.