
Navan, Inc. (NAVN) Stock Forecast & Price Target
Navan, Inc. (NAVN) Analyst Ratings
Bulls say
Navan Inc. showcased strong financial performance in Q3, reporting a total revenue of $195 million, which represents a 29% year-over-year increase, driven by robust business travel bookings and new customer acquisitions. The company's usage revenue reached $180 million, significantly surpassing previous estimates, alongside a solid 40% growth in Gross Booking Volume at $2.6 billion. With forward guidance indicating continued revenue expansion of approximately 23% for Q4 and an annual forecast of $685-$687 million for FY26, the outlook for Navan remains positive, bolstered by the anticipated growth in its enterprise customer base and increasing product attach rates.
Bears say
Navan Inc is facing a negative outlook largely due to its unprofitable status despite experiencing top-line growth, which raises concerns about sustainability amid macroeconomic uncertainties and changing work models impacting global booking volumes. The company’s reliance on transaction-based revenue makes it vulnerable to declines during potential economic downturns and major travel disruptions, further exacerbated by a projected slow revenue season in Q4 FY26. Additionally, the heightened competition in the AI space could diminish Navan's unique value proposition, alongside reduced expectations for future non-GAAP earnings per share across FY26, FY27, and FY28 estimates.
This aggregate rating is based on analysts' research of Navan, Inc. and is not a guaranteed prediction by Public.com or investment advice.
Navan, Inc. (NAVN) Analyst Forecast & Price Prediction
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