BMO lifts travel tech firm Navan's PT; shares rise

Navan

26/03/2026 14:03

** Shares of corporate travel booking agency Navan NAVN.O rise nearly 30% to $11.8 in morning trading

** BMO raises NAVN's price target to $15 from $13, reiterates "outperform" rating

** New PT represents 63.9% upside to stock's last close

** Co on Wednesday forecast 2027 revenue above Wall Street estimates, banking on strong demand from on-boarding new company clients to its platform

**  Brokerage says AI‑related pressure on stock is overdone, citing complexity of business-travel market and substantial cost savings Navan delivers

** Median PT of 13 brokerages covering stock is $22 - data compiled by LSEG

** Including session's moves, NAVN down 31.2% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))