TD Cowen Rates Navan (NAVN) buy, $29 Price Target

TD Cowen maintains a buy rating on Navan, Inc. with a price target of $29.0, reflecting confidence in the company's AI-driven solutions, a 44.28% 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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TD Cowen rated Navan, Inc. ($NAVN) "buy" with a $29 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

On June 11, 2026, TD Cowen reiterated its buy rating on Navan, Inc. with a price target of $29.0, as shares were trading at $20.1.
TD Cowen's $29 price target implies 44.28% upside from Navan, Inc.'s ($NAVN) current $20.10 share price.
Navan's revenue grew 35.4% year-over-year, reaching approximately $825.9 million, though the company is currently not profitable.
Analysts maintain a consensus rating of 'strong buy' for Navan, with a mean price target of $30.87 based on 15 opinions.

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TD Cowen's Positive Outlook on Navan, Inc.

On June 11, 2026, TD Cowen reiterated its buy rating on Navan, Inc. (NASDAQ: NAVN) with a price target of $29.0. The stock closed at $20.1, which is a drop from its previous close of $21.36. This update reflects TD Cowen's continued confidence in Navan's growth potential amidst its recent performance.

Confidence in Growth After Recent Results

The firm maintained its position based on the company's strong revenue growth. Navan reported revenue of approximately $825.9 million for its latest fiscal year, showing a year-over-year increase of 35.4%. However, it's important to note that Navan is not currently profitable, reporting a net margin of -42.1%. This situation highlights the potential for future improvements as the company continues to expand its offerings.

Institutional Insight on Navan

While there are no recent updates from other funds regarding Navan, past coverage suggests a generally positive sentiment. For example, in previous reports, analysts have shown support for the stock. This aligns with TD Cowen's reiteration of their buy rating, indicating a collective confidence in the tech company's strategy and execution in the market.

Stock Performance Context

As of the last trading session, Navan's shares were at $20.1. This level is significantly below its 52-week high of $30.88, suggesting that the stock is currently undervalued compared to its peak performance. Investors may view this as an opportunity, especially with the company’s growth trajectory and recent analyst ratings.

12-month forecast

$NAVN price target

Navan, Inc. daily closes and this analyst's $29 target. Not advice.

Recent Earnings

Navan's revenue has been impressive, growing by 35.4%. However, the company continues to face challenges, such as a negative earnings per share of -$3.87. The next earnings report is scheduled for December 14, 2026, which could provide more insights into its financial health and potential recovery.

Insider Buying and Selling at Navan, Inc.

Insider transactions also reflect confidence in Navan's future. On June 25, 2026, two insiders purchased shares: Shai Weiss bought 4,150 shares while Michael Kourey acquired 9,959 shares. The exact values of these transactions were not disclosed but the timing suggests insiders believe in the company’s direction.

Analysts Set New Price Targets

The consensus among analysts remains favorable, with multiple firms expressing strong buy ratings. Besides TD Cowen, other firms like Rosenblatt and Bank of America Securities have maintained buy ratings, with price targets ranging from $30 to $38. This consistent support from analysts indicates a strong belief in Navan's potential to rebound and grow.

What to Watch at Navan, Inc.

Looking ahead, investors should keep an eye on Navan’s upcoming earnings report in December and any further updates from analysts. With TD Cowen reaffirming its positive outlook, it will be interesting to see how Navan continues to execute its business strategy and whether it can return to profitability in the coming quarters.