Navan (NASDAQ:NAVN) Reaches New 12-Month Low – Should You Sell?

Navan, Inc. (NASDAQ:NAVN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.60 and last traded at $13.00, with a volume of 535465 shares. The stock had previously closed at $14.64.

Analysts Set New Price Targets

Several brokerages recently commented on NAVN. Wall Street Zen upgraded shares of Navan to a “hold” rating in a report on Friday, November 21st. Citizens Jmp began coverage on Navan in a research note on Monday, November 24th. They issued a “market outperform” rating and a $25.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and set a $20.00 price objective on shares of Navan in a research report on Tuesday. Loop Capital raised Navan to a “strong-buy” rating in a report on Monday, November 24th. Finally, Mizuho started coverage on Navan in a report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $24.92.

Navan Trading Down 18.8%

Navan (NASDAQ:NAVN) last released its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

About Navan

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.