Oppenheimer Maintains a Hold Rating on NextNav Inc (NN)

NextNav Inc. (NASDAQ:NN) is one of the Best Small-Cap Growth Stocks to Buy Right Now. On August 7, Timothy Horan from Oppenheimer maintained a Hold rating on NextNav Inc. (NASDAQ:NN) without disclosing any price target.

The cautious rating for the company comes after it released its results for its fiscal second quarter of 2025 on August 6. The company posted mixed results; its revenue of $1.20 million grew 8.78% year-over-year, but missed estimates by $390,000. Moreover, the EPS of negative $0.48 also fell short of the consensus by $0.35.

Management noted that they gained approval from the FCC allowing NextNav Inc. (NASDAQ:NN) to acquire more spectrum licenses in the Lower 900MHz band. Moreover, management also highlighted that the operating loss was due to the higher cost of professional services and consulting.

NextNav Inc. (NASDAQ:NN)  provides advanced positioning, navigation, and timing solutions that enable precise three-dimensional geolocation.

While we acknowledge the potential of NN 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.

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Disclosure: None. This article is originally published at Insider Monkey.