Navan, Inc.’s Quiet Period Will End on December 9th (NASDAQ:NAVN)

Navan’s (NASDAQ:NAVN) quiet period is set to end on Tuesday, December 9th. Navan had issued 36,924,406 shares in its IPO on October 30th. The total size of the offering was $923,110,150 based on an initial share price of $25.00. During Navan’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NAVN shares. 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 price objective for the company. The Goldman Sachs Group began coverage on shares of Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $29.00 target price for the company. Loop Capital raised shares of Navan to a “strong-buy” rating in a report on Monday, November 24th. Mizuho started coverage on shares of Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, Oppenheimer assumed coverage on shares of Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat, Navan presently has a consensus rating of “Buy” and an average price target of $25.23.

Navan Price Performance

Shares of Navan stock opened at $15.62 on Tuesday. Navan has a fifty-two week low of $13.84 and a fifty-two week high of $22.75.

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.