Via Transportation initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Via Transportation (VIA), a purpose-built vertical software and services company, with an Outperform rating and $59 price target The firm says Via has a strong, modern AI-embedded technology platform that’s supported by referenceable customers who view it as a leader in real-time dynamic routing, planning, microtransit, and other transit management capabilities, autonomous vehicle enablement, data sciences, and technology vision. In Oppenheimer’s view, modernizing the transportation management market is early in evolution and VIA is the best growth asset in the category for investment. The company’s leading purpose-built technology and vision, scale, expertise in microtransit, and the heritage and pedigree of its founder-led management team can support Via as a durable growth asset in the large, underpenetrated market for transit software solutions, the firm adds.