Navan (NASDAQ:NAVN) Sets New 52-Week High Following Earnings Beat

Market Beat
2026.06.11 13:42
portai
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Navan (NASDAQ: NAVN) shares hit a new 52-week high following a Q1 earnings beat, with EPS of $0.08 vs. ($0.12) estimates and revenue up 39.8% YoY to $220.23 million. The company raised FY2027 guidance and reported 50% gross bookings growth. Multiple analysts upgraded price targets to $26-$30, citing strong execution. However, concerns remain regarding rich valuation and lagging payment volume growth. Meanwhile, insiders sold significant shares under pre-arranged plans.