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Goldman Sachs Raises PT on Navan (NAVN) to $23, Reiterates “Buy” Rating Following Strong Q4 Results
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Navan, Inc. (NASDAQ:NAVN) is one of the 7 overlooked tech stocks to buy right now. On March 27, 2026, Navan, Inc. (NASDAQ:NAVN) drew attention from analysts at Goldman Sachs after it reported stronger-than-expected fourth-quarter results. The quarterly release reflected the company’s continued growth as well as improved profitability, according to Goldman Sachs analysts. The analyst emphasized that Navan, Inc. (NASDAQ:NAVN) showcased a robust balance of growth and profitability in the quarter and also sustained both metrics across the full year. Furthermore, AI is driving the company’s product strategy, helping it widen its competitive moat, the analysts emphasized. The investment firm raised its price target on the stock from $22 to $23 and reiterated a “Buy” rating. On March 5, 2026, Navan, Inc. (NASDAQ:NAVN) introduced Expense Chat, an AI-powered agent designed to streamline out-of-pocket expense submissions, thereby enhancing its current touchless corporate card experience. The expense reporting process is significantly simplified by the agent’s ability to extract merchant data, auto-code entries, and accept natural language input. Expense Chat aligns with Navan, Inc.’s (NASDAQ:NAVN) broader mission to streamline and digitize business travel by eliminating manual administrative tasks for finance teams and travelers. Navan, Inc. (NASDAQ:NAVN), a cloud-based business travel and expense management platform, was established in 2015 and is headquartered in Palo Alto, CA. The company utilizes artificial intelligence (AI) to automate processes and minimize manual interactions globally. While we acknowledge the potential of NAVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.