Bullish Trade Call for Navan with Attractive Price Target

24 days ago

Natalyia Nejvich

"Yeah, so this is one of the post IPO stories. We saw that Navan, the ticker is NAVN, shares are up by five percent today after being added to the broad market Russell 3000 and small cap Russell 2000 indices. However, it's still down by more than 30% since its IPO in late October. What is interesting is that upon analyst initiation, people are very bullish on this stock. The price target is at around 25 and it's currently trading at 15. Wall Street remains optimistic, even though the company is not yet profitable and fundamentals still present uncertainty."

This insight presents a trade call for Navan (NAVN), noting that despite the stock's recent listing and index inclusion, it remains undervalued compared to the analyst-backed price target of 25 while trading at 15. The bullish sentiment from analysts combined with the post-IPO rebound suggests a potential upside trade despite some operational uncertainties.

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