Navan Inc (NAVN) To Benefit From Improving Business Travel Demand

Navan, Inc. (NASDAQ:NAVN) is one of the 12 tech stocks with the biggest upside potential. On January 28, Goldman Sachs analyst Gabriela Borges lowered the firm’s price target on Navan Inc. (NASDAQ:NAVN) to $22 from $30 while maintaining a Buy rating. The stock is trading significantly below the lowest Wall Street price target of $20, which implies 73% upside from here, according to 12 analysts covering the stock.

The research note emphasized that software mergers and acquisitions are expected to gain momentum in 2026. A similar sentiment was echoed at Citi, where analyst Steve Enders also maintained a Buy rating with a price target of $26 for the stock on January 16. The firm’s price target offers a further 126.1% upside from the current levels. This upside is consistent with the median Wall Street analyst estimate of 107.64%, based on 12 analysts covering the stock.

The company also released its Navan Business Travel Benchmark for Q4 2025 on January 30. The 13.8% YoY growth in business travel is much higher than the 1.2% growth depicted in TSA travel data, suggesting the business travel market is stronger than many were expecting it to be.

Navan, Inc. (NASDAQ:NAVN) operates an AI-powered software platform to simplify the expense and travel experience. The company’s platform benefits customers, suppliers, and users. It serves human resources, inventory, finance, travel managers, and other markets.

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:  Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To.

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