Navan's Fiscal 2027 Guidance is 'Highly Achievable,' Oppenheimer Says
Navan's (NAVN) fiscal 2027 guidance is "highly achievable" due to robust demand for business travel while its fast-growing AI platform accelerates enterprise wins, expands gross margins, and boosts traveler personalization, Oppenheimer said in a Tuesday research report.Airline corporate travel demand appears steady despite the Middle East conflict and elevated jet fuel prices, analysts wrote.The brokerage said the stock is now its top small- and mid-cap pick. It expects growing enterprise adoption driving upward estimate revisions, which is currently not priced into the stock, trading at a 60% discount to peers.The company's virtual agent oversees the majority of client engagement and has been a key driver of gross margin expansion in recent years, according to the note.The brokerage reiterated its outperform rating on the stock and boosted its price target to $20 from $17.Price: $15.94, Change: $+0.59, Percent Change: +3.84%