Morgan Stanley reiterates Navan stock rating on travel demand

Morgan Stanley reiterated an Overweight rating and a $20.00 price target for Navan Inc. (NASDAQ:NAVN), following a proprietary Corporate Travel Survey indicating robust travel demand. The survey suggests an acceleration in travel budgets, stable air and hotel volumes, and higher-than-expected airfare increases benefiting Navan due to its per-trip fee structure. Analysts anticipate continued sales growth and potential profitability for Navan this year, with several upcoming earnings reports and a business travel benchmark data release as immediate catalysts.

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