Navan surges after guidance hike brings AI travel platform to fore
Navan Inc. shares took off ahead of the bell Thursday after the company lifted its full-year forecast on stronger booking growth and improved adjusted profits. Navan stock was up 21.18% in premarket trading at $25.29, according to Google Finance, versus $20.87 at Wednesday’s close. Navan is raising its guidance after its earnings beat. The company now sees fiscal 2027 revenue between $907 million and $913 million, Reuters said, compared with its earlier range of $866 million to $874 million. Navan also increased its outlook for adjusted operating profit to $76 million to $80 million, up from $58 million to $62 million.