William Blair analyst Jonathan Ho has maintained their bullish stance on VIA stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors tied to Via’s operating momentum and growth visibility. He highlights that the company posted robust quarterly results, with record customer retention metrics and a 50% year-over-year expansion in its sales pipeline, which together counter market worries about the sustainability of its business model and growth trajectory.
Ho also emphasizes that fears around AI-related disruption and the roll-off of COVID-era stimulus appear overstated, noting Via’s defensible data and technology advantages as well as its mission-critical role in transit networks. In his view, the company’s growing use of AI, the potential upside from autonomous vehicles reducing driver-cost pressures, and new opportunities such as Via AI Labs expanding its addressable market all support a favorable risk-reward profile and justify a Buy rating.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $37.00 price target.