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Navan initiated with an Outperform at Mizuho

Mizuho analyst Siti Panigrahi initiated coverage of Navan (NAVN) with an Outperform rating and $25 price target The firm says the company offers an end-to-end, artifices intelligence-powered software platformt to deliver a personalized global travel booking experience to businesses and employees. Navan is well positioned to displace legacy vendors and expand down-market, the analyst tells investors in a research note.

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