Citigroup Lowers Navan (NASDAQ:NAVN) Price Target to $21.00

Navan (NASDAQ:NAVN) had its price objective decreased by analysts at Citigroup from $26.00 to $21.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 71.99% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Citizens Jmp reissued a “market outperform” rating and set a $25.00 price objective on shares of Navan in a research report on Tuesday, December 23rd. Needham & Company LLC reissued a “buy” rating on shares of Navan in a research report on Monday, December 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 target price on shares of Navan in a research note on Tuesday, December 16th. BMO Capital Markets lifted their target price on shares of Navan from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Zacks Research upgraded Navan to a “hold” rating in a research note on Friday, December 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.58.

Navan Stock Performance

NAVN stock opened at $12.21 on Thursday. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $22.75. The stock has a market cap of $3.04 billion and a P/E ratio of -6.23. The stock’s 50 day moving average price is $10.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49.

Navan (NASDAQ:NAVN) last released its earnings results on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.26. The firm had revenue of $177.92 million during the quarter. Navan’s revenue was up 34.8% on a year-over-year basis.

Insiders Place Their Bets

In other Navan news, Director Benjamin A. Horowitz acquired 466,058 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the completion of the transaction, the director directly owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. This represents a 6.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen acquired 466,058 shares of Navan stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of $16.27 per share, with a total value of $7,582,763.66. Following the completion of the acquisition, the insider directly owned 7,789,538 shares in the company, valued at $126,735,783.26. This represents a 6.36% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 2,245,628 shares of company stock valued at $36,771,965 and sold 245,597 shares valued at $2,208,060.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Cosmic Management LLC purchased a new position in shares of Navan during the fourth quarter valued at approximately $121,930,000. Invesco Ltd. purchased a new stake in Navan in the fourth quarter worth approximately $382,000. Alberta Investment Management Corp bought a new stake in Navan in the 4th quarter worth approximately $3,416,000. State of Tennessee Department of Treasury purchased a new stake in Navan during the 4th quarter valued at $369,000. Finally, XTX Topco Ltd purchased a new stake in Navan during the 4th quarter valued at $410,000.

Key Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Q4 beat and bullish guidance — Navan reported revenue of $177.9M (+34.8% YoY) and GAAP EPS that topped expectations; management guided roughly 24% revenue growth for FY2027, which prompted the midweek rally. Read More.
• Positive Sentiment: Fresh buy-side support — The Goldman Sachs team raised its price target (from $22 to $23) and maintained a buy rating, adding institutional endorsement after the results. Read More.
• Neutral Sentiment: Analyst and KPI digestion — Research outlets are parsing unit economics, margins and cash‑flow details from the call; these model adjustments will affect forward estimates but aren’t a single decisive driver today. Read More.
• Negative Sentiment: Wave of class‑action notices — Multiple law firms have filed or are soliciting plaintiffs alleging omissions in the company’s IPO materials; April 24 is the lead‑plaintiff deadline, creating legal risk and headline noise. Read More.
• Negative Sentiment: Clustered insider selling — Several senior officers disclosed share sales (forms filed for March 20 trades), which markets often interpret as a cautionary signal during a volatile run. Read More.
• Negative Sentiment: Mixed analyst moves — While some shops raised targets, several sell‑side firms trimmed price targets after the report (Oppenheimer, Jefferies, Citi adjustments referenced), adding conflicting signals for traders. Read More.

Navan Company Profile

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.