
Navan, Inc. (NAVN) Stock Forecast & Price Target
Navan, Inc. (NAVN) Analyst Ratings
Bulls say
Navan Inc is projected to achieve significant revenue growth, with an anticipated $672.4 million in FY26, reflecting a 25.2% increase year-over-year. The company reported a robust Q3 performance, achieving usage revenue of $180 million (29% growth y-o-y) and total revenue of $195 million, exceeding expectations and driven by strong business travel bookings. Furthermore, Navan is expected to attain its first full year of profitability in FY26, bolstered by a 1.2% non-GAAP operating margin and a consistent upward trajectory in revenue growth leading into FY28.
Bears say
Navan Inc. is projected to experience a decrease in cash flow margin to (3.8%) in FY27, which is indicative of the financial strain resulting from accelerated investments, before only modestly rebounding in FY28. The anticipated decline in usage yield from the VIP travel solution Reed & Mackay, along with increased investments in sales and marketing and research and development, may lead to reduced profitability, as modeled operating margins hover around 0.6%. Additionally, prevailing weak macroeconomic conditions are expected to hinder business travel bookings, with revenue for Q4 FY26 forecasted at $161M-$163M, reflecting minimal growth amid challenges in both trip frequency and spending per trip.
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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