Navan, Inc. (NASDAQ:NAVN) is one of the 10 Best New Stocks to Buy Other Than SpaceX.
On June 25, 2026, Navan, Inc. (NASDAQ:NAVN) announced that Cummins (CMI) selected Navan after a review of the business travel landscape
Through the partnership, Navan will support the travel needs of more than 60,000 Cummins employees across locations in more than 60 countries and three global regions. On June 24, Navan announced a partnership with Enbridge (ENB) to transform its travel program. Tracie Slone, VP & Chief Supply Chain Officer at Enbridge, said Navan helps “simplify travel,” pointing to reduced manual work and a better user experience while supporting efficiency and disciplined growth across Enbridge’s operations.
On June 11, BMO Capital raised its price target on Navan to $30 from $22 and kept an Outperform rating. BMO Capital said Navan’s Q1 results were strong, with upside on every key metric. The firm also noted accelerating growth in travel bookings and payments, another improvement in overall revenue growth, triple-digit growth in RFPs, enterprise gains, and an AI strategy that is helping the business scale efficiently.