Goldman Sachs upgraded Via Transportation (VIA) to Buy from Neutral with a price target of $44, down from $52. The shares now trade at a discount to peers despite Via offering two-times faster growth, the analyst tells investors in a research note. The firm says Via shares are down 50% off recent highs, which is largely attributable to elevated investor expectations into Via’s first quarter as a public company. Goldman continues to believe Via’s long-term opportunity is “significant as referenceability improves and the company continues launching new offerings.”
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