Navan Inc (NASDAQ:NAVN) on Wednesday reported better-than-expected first-quarter financial results and raised its FY2027 sales guidance above estimates.

Navan reported quarterly earnings of eight cents per share, which beat the consensus estimate for a loss of one cent, according to Benzinga Pro data. Quarterly revenue clocked in at $220.23 million, which beat the Street estimate of $205.27 million and was up from $157.46 million in the same period last year.

"Navan kicked off fiscal 2027 with an outstanding first quarter, driven by accelerating growth across the business and a 50% year-over-year increase in Gross Booking Volume," said Ariel Cohen, Navan CEO.

Navan raised its fiscal 2027 revenue outlook to a new range of $907 million to $913 million, versus the $884.47 million analyst estimate.

Navan shares rose 18.5% to $24.72 in pre-market trading.

These analysts made changes to their price targets on Navan following earnings announcement.

  • BTIG analyst Jake Fuller maintained Navan with a Buy and raised the price target from $26 to $30.
  • Needham analyst Scott Berg maintained the stock with a Buy and raised the price target from $25 to $30.

Considering buying NAVN stock? Here’s what analysts think:

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