Why is Navan stock sliding 13% today?
Navan (NAVN) stock fell 13.9% in pre-market trading to $22.30 after reporting fiscal Q2 2027 results. Revenue grew 35% YoY to $232.8M, beating estimates, but operating expenses rose 46%, widening the GAAP operating loss. Full-year revenue guidance was in line with expectations. Citizens analysts maintained a $38 price target and Market Outperform rating, citing strong operational metrics.
