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With strong upside potential, Navan, Inc. (NASDAQ:NAVN) ranks among the overlooked tech stocks to invest in now. A new AI integration tool follows a blowout quarter that sent shares surging and pushed management to raise its full-year outlook.

On July 2, 2026, Navan, Inc. (NASDAQ:NAVN) launched its Model Context Protocol, allowing customers to connect Navan to their existing AI tools and query travel and expense data using natural language. The initial deployment offers read-only access to program insights and transaction data through interfaces like Claude, ChatGPT and Cursor, with write-access features such as expense approvals and policy updates planned for later. SVP Dane Molter said the tool builds on more than a decade of Navan's data and represents an important step toward embedding the platform into everyday workflows.

That launch followed a stronger-than-expected first quarter.

On June 10, 2026, Navan, Inc. (NASDAQ:NAVN) raised its full-year revenue and operating income forecasts, citing strong business travel demand and enterprise growth, sending shares up 19% in extended trading. Gross booking volume jumped 50% to $3.1 billion, and first-quarter revenue grew about 40% to $220.2 million, beating estimates of $205.3 million. The company posted an adjusted profit of 8 cents per share, versus analysts' forecast of a 1-cent-per-share loss. CFO Aurélien Nolf said enterprise customers remain "very focused on in-person interactions between their teams and their customers." Navan now expects fiscal 2027 revenue of $907 million to $913 million and adjusted operating profit of $76 million to $80 million.

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 the best short-term AI stock.

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