- Morgan Stanley analyst Josh Baer lowered Via Transportation (NYSE: VIA)‘s price target to $24.00, indicating a potential 63.38% upside from its trading price of $14.69.
- Via Transportation reported strong first-quarter 2026 financial results, with Annual Run-Rate revenue exceeding $500 million for the first time.
- Despite positive financial news, Via Transportation’s stock price dropped 14.06% to $14.55 on the report day, with its market capitalization at approximately $1.13 billion.
Via Transportation (NYSE: VIA) is a technology company that develops public mobility solutions. It works with cities and transit agencies to create and manage transportation systems. Recently, analyst Josh Baer of Morgan Stanley updated his view on Via Transportation, issuing a new price target for the company’s stock.
On May 12, 2026, the analyst lowered the price target for Via Transportation to $24.00. When this target was set, the stock was trading at $14.69. This new price target represents a potential upside, or increase in value, of approximately 63.38%, suggesting the analyst sees significant room for the stock to grow, offering valuable investment insights for those following transportation technology stocks.
This rating coincides with the release of Via Transportation’s first-quarter 2026 financial results. As highlighted by Business Wire, the company announced its Annual Run-Rate revenue exceeded $500 million for the first time. Annual Run-Rate revenue is a projection of a full year’s income based on current earnings, indicating strong growth for this public mobility solutions provider.
CEO Daniel Ramot stated that these results show strong demand for Via Transportation’s platform and that the company is moving quickly toward profitability. This progress suggests the company is successfully growing its business while also improving its ability to generate profit from its operations, a key factor for investors in the stock market.
Despite the positive company news, Via Transportation’s stock price dropped 14.06% to $14.55 on the day of the report. The stock has traded between a low of $13.11 and a high of $56.31 over the past 52 weeks. The company’s current market capitalization is approximately $1.13 billion.
