Key Points Interested in Navan, Inc.? Here are five stocks we like better. Navan shares fell over 15% after Q2 earnings despite 35% revenue growth, as investors worried rising AI spending could outpace future growth. The company also acquired BoomPop, an AI-powered event-planning platform, expanding its bundled travel, expense, and meetings offering without affecting guidance. Despite the sell-off, 17 analysts give NAVN a consensus Moderate Buy rating with a $30.50 price target, suggesting about 43% upside. Navan Inc. (NASDAQ: NAVN) wouldn't be the first company investors would think of as a target of the recent sell-off of artificial intelligence names.
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