The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

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.

Navan, Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.

While we acknowledge the potential of NAVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on theΒ best short-term AI stock.

READ NEXT:Β 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.