Morgan Stanley Rates Navan (NAVN) buy, $33 Price Target

Morgan Stanley's Chris Quintero reiterates a buy rating for Navan, Inc., with a target price of $33, a 64.18% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 11:01 AM EDT

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Morgan Stanley rated Navan, Inc. ($NAVN) "buy" with a $33 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

Morgan Stanley has reiterated its buy rating on Navan, Inc. with a target price of $33, up from the current price of $20.1.
Morgan Stanley's $33 price target implies 64.18% upside from Navan, Inc.'s ($NAVN) current $20.10 share price.
The stock has a 52-week high of $30.88, indicating room for growth as it trades significantly below this mark.
Analysts show strong support for Navan, with a consensus rating of 'strong buy' from 15 analysts and a mean price target of $30.87.

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Morgan Stanley's Latest Rating

On June 11, 2026, Morgan Stanley analyst Chris Quintero reiterated a buy rating on Navan, Inc. (NASDAQ: NAVN), setting a target price of $33. The stock was trading at $20.1 when the rating was published.

Analysts Set New Price Targets

Morgan Stanley's reaffirmation of a buy rating aligns with the general positive outlook from other firms. For instance, on September 10, 2026, Citizens reiterated their rating of "Market Outperform" with a target of $38. Meanwhile, TD Cowen maintained a buy rating with a target of $31. Other firms like Rosenblatt and BTIG also confirmed their buy ratings with targets of $29 and $30, respectively, on the same date. This broad support reflects a consensus among analysts that Navan has significant growth potential.

Stock Performance Context

Navan's stock currently trades well below its 52-week high of $30.88, offering potential for upside if the company can capitalize on its market position. The shares are also above key moving averages, suggesting robust support levels as it moves forward.

12-month forecast

$NAVN price target

Navan, Inc. daily closes and this analyst's $33 target. Not advice.

What Navan, Inc. Does

Navan, Inc. operates a software platform that uses AI to enhance the travel and expense experience for users and companies. The firm serves various sectors, including finance and human resources, and recently rebranded from TripActions, Inc. in February 2023.

What's Ahead for Navan, Inc.

Investors should keep an eye on Navan's upcoming earnings report scheduled for December 14, 2026. The reiteration of a buy rating by Morgan Stanley is a reflection of the 13F filing period, indicating the firm's confidence in Navan's future performance. With strong analyst support and a significant gap to its 52-week high, Navan is positioned for potential growth.