Navan surges after upbeat 2027 revenue forecast

Navan

26/03/2026 10:51

** Navan Inc's NAVN.O shares surge 25% to $11.44 premarket

** Travel tech firm forecasts 2027 revenue above Wall Street estimates

** Expects 2027 revenue between $866 million and $874 million, vs. analysts' average estimate of ~$839 million - data compiled by LSEG

** Posts Q4 revenue of $178 million and gross bookings of $2.3 billion, beating estimates; co's Q4 ends January 31

** Posts adj. profit of 2 cents per share, vs. expected loss of 12 cents per share

** All 13 analysts covering the stock rate it 'buy' or 'strong buy'; median PT is $24

** NAVN down ~46.4% YTD, vs. 5.6% fall for the Nasdaq .IXIC

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))