Needham Rates Navan (NAVN) buy, $30 Price Target

Analyst Scott Berg keeps a buy rating on Navan, Inc. as shares trade at $20.1, well below the new target price, a 49.25% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 10:02 AM EDT

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Needham rated Navan, Inc. ($NAVN) "buy" with a $30 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

Needham analyst Scott Berg reiterated a buy rating on Navan, Inc. with a target price of $30, while the stock is currently at $20.1.
Navan, Inc. reported a revenue of $825.9 million for the last fiscal year, reflecting a 35.4% growth despite a negative net margin.
The stock shows a significant upside potential with a mean analyst price target of $30.87 based on 15 opinions.

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Needham Maintains Buy Rating on Navan

On June 11, 2026, Needham analyst Scott Berg reiterated a buy rating on Navan, Inc. (NASDAQ: NAVN) with a target price set at $30. This comes as shares are trading at $20.1, suggesting a considerable upside potential. The firm has not previously set a target for this stock.

Analysts Set New Price Targets

Berg's reiteration aligns with a positive sentiment from other analysts. For instance, on September 10, 2026, Citizens reiterated a market outperform rating with a target of $38, while TD Cowen maintained a buy rating but lowered its target to $31. Most analysts seem to agree on the stock's potential, with a consensus target mean price of $30.87 based on 15 opinions.

Stock Performance and Market Position

Navan's shares are currently trading quite a bit below the target price set by Needham. The stock is also well above its 52-week low of $8.11, but it is below its high of $30.88. This pricing dynamic suggests that the market may not fully reflect the company's growth potential, particularly given its revenue growth of 35.4% in the last fiscal year.

12-month forecast

$NAVN price target

Navan, Inc. daily closes and this analyst's $30 target. Not advice.

Recent Earnings

Navan, Inc. reported a total revenue of $825.9 million, showing strong growth. However, the company recorded a negative net margin of 42.1%, which indicates it is still navigating some profitability challenges. The next earnings report is set for December 14, 2026, which could provide further insights into its financial health.

Insider Buying and Selling at Navan, Inc.

Several insiders have recently purchased shares, signaling confidence in the company's future. Shai Weiss bought 4,150 shares, while both Michael Kourey and Benjamin Horowitz each acquired 9,959 shares on June 25, 2026. Their purchases could reflect positive expectations about the company's growth trajectory.

About Navan, Inc.

Navan, Inc. provides AI-driven travel and expense management solutions. The company simplifies user experiences in travel planning and expense reporting, serving various markets, including finance and human resources. This reiteration of the buy rating by Needham may reflect confidence in Navan's ability to capitalize on the growing demand for efficient travel solutions.

What's Ahead for Navan, Inc.

Investors will be watching for Navan's next earnings report on December 14, 2026, to see if the company can continue its revenue growth trend. With the stock trading significantly below analyst targets, there is a potential for movement in the coming months. Keep in mind that this rating from Needham reflects past performance and may not indicate future outcomes.