Navan (NASDAQ:NAVN) Rating Increased to Strong-Buy at TD Cowen

Key Points

• TD Cowen upgraded Navan to a Strong‑Buy, while the Street consensus remains a Moderate Buy with a $21 average target and most analysts rating the stock as Buy/Strong Buy.
• Navan beat expectations with quarterly EPS of $0.02 versus a ($0.24) estimate and reported revenue of $177.9 million, up 34.8% year‑over‑year.
• Insiders sold roughly 245,597 shares (~$2.21M) over the last quarter, and multiple plaintiff firms have opened investigations or filed class actions alleging omissions in the IPO filings, creating legal and headline risk for the company.

Navan (NASDAQ:NAVN - Get Free Report) was upgraded by analysts at TD Cowen to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on NAVN. Weiss Ratings assumed coverage on Navan in a research report on Tuesday, January 27th. They issued a "sell (d)" rating on the stock. BMO Capital Markets boosted their price target on Navan from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Citigroup dropped their price target on Navan from $26.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Jefferies Financial Group dropped their price target on Navan from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Finally, Oppenheimer dropped their price target on Navan from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Navan has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Navan Stock Up 4.2%

Shares of NAVN stock opened at $14.43 on Wednesday. The firm has a market cap of $3.62 billion and a PE ratio of -6.90. Navan has a 52-week low of $8.10 and a 52-week high of $22.75. The firm has a 50-day moving average of $10.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.07 and a quick ratio of 4.07.

Navan (NASDAQ:NAVN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.26. The company had revenue of $177.92 million during the quarter. The business's revenue was up 34.8% on a year-over-year basis.

Insider Transactions at Navan

In other news, insider Anne Mary Giviskos sold 31,150 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the sale, the insider owned 74,940 shares of the company's stock, valued at $713,428.80. The trade was a 29.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Ilan Ezra Twig sold 49,210 shares of the business's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $424,190.20. Following the sale, the chief technology officer directly owned 538,012 shares in the company, valued at $4,637,663.44. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 245,597 shares of company stock worth $2,208,060 over the last quarter.

Institutional Investors Weigh In On Navan

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of Navan during the 4th quarter worth approximately $35,000. California State Teachers Retirement System purchased a new stake in shares of Navan during the 4th quarter worth approximately $39,000. Russell Investments Group Ltd. purchased a new stake in shares of Navan during the 4th quarter worth approximately $51,000. New York State Common Retirement Fund purchased a new stake in shares of Navan during the 4th quarter worth approximately $101,000. Finally, Strs Ohio purchased a new stake in shares of Navan during the 4th quarter worth approximately $113,000.

Key Stories Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan says it has landed global deals as its new AI “audit engine” targets corporate compliance spend, which could expand product monetization and drive incremental revenue. Navan Lands Global Deals As AI Audit Engine Targets Compliance Spending
• Positive Sentiment: TD Cowen initiated coverage with a Buy, calling Navan a disruptive player with AI-driven scale potential, margin expansion opportunity, and underappreciated growth — analyst support can attract buyers and boost sentiment. Navan: Leading Disruptive Player in Corporate Travel...
• Positive Sentiment: Customer win: Opella selected Navan to manage global travel and expense, a tangible enterprise contract that validates product-market fit and supports recurring revenue growth. Navan Selected by Opella to Streamline Global Travel and Expense
• Neutral Sentiment: CEO commentary: In an exclusive piece, Navan’s CEO defends the company’s post‑IPO strategy and investment pace — useful context for investors but no new financial guidance. Navan’s Post-IPO Reality: CEO Defends Strategy — Exclusive
• Neutral Sentiment: Comparative analysis pieces contrast Navan with peers (e.g., Fatpipe), offering perspective on competitive positioning but not immediate catalysts. Head-To-Head Analysis: Fatpipe Inc/UT vs. Navan
• Negative Sentiment: Legal risk rising: multiple plaintiff firms have filed or opened investigations alleging omissions in Navan’s IPO registration statements (claims reference undisclosed surges in sales & marketing spending). Several firms are soliciting lead‑plaintiff applicants ahead of an April 24, 2026 deadline — class actions can create headline risk, legal costs and potential damages that pressure the stock. Representative notices and filings: Frank R. Cruz notice Hagens Berman notice Bronstein, Gewirtz & Grossman filing (also: Faruqi, Levi & Korsinsky, Pomerantz, Berger Montague, Rosen, KSF, Bernstein Liebhard and others issued similar alerts).

About Navan

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.

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