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Navan assumed with a Buy at Goldman Sachs

Goldman Sachs analyst Gabriela Borges assumed coverage of Navan (NAVN) with a Buy rating and $30 price target The firm assumed coverage of 12 stocks in the software sector. Goldman believes artificial intelligence adoption will be a “positive tailwind” to the software total addressable market over the next ten years. The analyst says Navan’s share gains will drive positive estimate revisions.

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