TD Cowen analyst Jared Levine initiated coverage of Navan (NAVN) with a Buy rating and $18 price target The firm says Navan is a leading global business travel management platform vendor. The firm sees upside to consensus estimates and believes AI risks are overdone in the shares. Navan has a “reasonable path” to 20% revenue growth at least over the next few years, positioning the shares to outperform, contends TD.
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