The current average analyst rating on the shares is "buy", and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold", and no "sell" or "strong sell".
The average consensus recommendation for the software peer group is "buy".
Wall Street's median 12-month price target for Navan, Inc. is $30.00, about 12.6% above its Sept. 8 closing price of $26.64.
Drivers of growth
Gross booking volume: Total GBV rose 45% year over year to over $3 billion, driven by new customers, ramping cohorts, and expansion of the installed base.
Enterprise customer growth: Navan cited continued momentum in the enterprise market, adding clients such as Cummins, Enbridge, and Ingersoll Rand.
AI platform adoption: Over 50% of AI calls now run on Navan's proprietary models, with its AI support agent handling about 60% of customer interactions.
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