Citigroup Rates Navan (NAVN) buy, $28 Price Target

Citigroup maintains its buy rating for Navan, Inc., setting a price target of $28 after the recent market activity, a 39.30% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:12 PM EDT · Updated Jun 17, 2026, 8:01 AM EDT

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Citigroup rated Navan, Inc. ($NAVN) "buy" with a $28 price target on June 11, 2026.

Since the rating, $NAVN is down 3.2% after 1 week, up 15.5% after 1 month and up 12.2% to date (from the $22.63 close on Jun 11, 2026).

NAVN Navan, Inc.

$25.38 +56.18% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup has reiterated its buy rating on Navan, Inc. with a target price of $28, while the stock is currently trading at $20.1.
Citigroup's $28 price target implies 39.30% upside from Navan, Inc.'s ($NAVN) current $20.10 share price.
Navan's shares have recently moved up from a 52-week low of $8.10, highlighting positive market sentiment around the stock.
Analysts are generally favorable about Navan, with a strong buy consensus and a mean price target of $30.87.

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Analysts Set New Price Targets

On June 11, 2026, Citigroup reiterated its buy rating on Navan, Inc. (NASDAQ: NAVN) with a price target of $28. The stock is currently trading at $20.1. This comes as Citigroup aims to highlight the growth potential of the company within the technology sector, particularly in its software solutions for travel and expense management.

Potential for Growth

This reiteration reflects confidence in Navan's business model, especially as the company recently improved its market standing, moving from a 52-week low of $8.10. The positive sentiment comes amid expectations of revenue growth. The current trading price is still below the target, indicating room for upward movement as analysts are optimistic about future performance.

Other Analyst Opinions

Several other firms have also maintained positive ratings on Navan. On September 10, 2026, Citizens reiterated a market outperform rating with a target of $38. TD Cowen maintained its buy rating, though it lowered its target to $31 from $34. Rosenblatt also keeps a buy rating but raised its target to $29 from $27 on the same date. BTIG and B of A Securities have maintained their buy ratings with targets of $30 and $34 respectively.

What Navan, Inc. Does

Navan, Inc. operates an AI-driven software platform that simplifies travel and expense management. It provides solutions ranging from booking to payment processing, serving various sectors including finance and human resources. The company, based in Palo Alto, California, employs about 3,700 people and has seen significant growth in revenue, which reached approximately $825.9 million last year.

What’s Next for Navan?

Investors will be looking forward to Navan's next earnings report scheduled for December 14, 2026. This will provide more insight into the company's financial health and future prospects. The reiteration from Citigroup, along with other analyst support, suggests a strong outlook for the company, though it’s important to remember that ratings are subject to change based on market conditions.

12-month forecast