BMO Capital raised its price target on Navan from $22 to $30 and maintained an Outperform rating. The upgrade followed Navan's fiscal first-quarter 2027 results, which included revenue of $220.23 million that exceeded the $205.27 million consensus estimate, and earnings per share of $0.08 compared to expectations of $0.01. The firm cited strong performance across all key metrics, with overall revenue growing 40% year-over-year driven by accelerating travel bookings and payments. BMO also highlighted a large runway ahead, noting triple-digit growth in RFP activity that signals rising corporate demand, and sees persistent upside in the enterprise segment from share-gain opportunities as major competitors undergo changes. The firm praised Navan's AI strategy for enabling more efficient scaling and supporting profitability as volume increases.
Navan, Inc. Class A Common StockBMO Capital raised price target and maintained Outperform rating after strong Q1 results beating consensus.