Morgan Stanley analyst Josh Baer lowered Via Transportation's price target to $24.00, down from its previous level, implying a potential upside of 63.38% based on the stock's most recent trading values. The adjustment reflects the analyst’s updated outlook on the company’s growth trajectory and valuation drivers.

Via Transportation reported that its annual run-rate revenue exceeded $500 million for the first time, driven by increased adoption of its public mobility platform across partner cities and transit agencies. CEO Daniel Ramot noted that this milestone underscores strong demand for the company’s services and advances its path toward profitability.

Despite the robust revenue update, the stock declined 14.06% to close at $14.55 on the day of the report, reflecting investor caution over the revised price target. The company’s market capitalization stood at approximately $1.13 billion, with a 52-week trading range between $13.11 and $56.31.