New York, Jan 14, 2026, 15:53 EST — Regular session.
- Via Transportation shares down about 10% at $24.14 after swinging between $23.70 and $27.49
- Goldman Sachs lifted its rating to Buy, but cut its price target to $44 from $52
- Via set Feb. 27 for its fourth-quarter results and conference call
Via Transportation shares slid 10.2% to $24.14 in afternoon trading on Wednesday, giving back earlier gains and lagging a weaker tech-heavy market. The stock swung between $23.70 and $27.49 on the day.
The move lands as investors look for a clear catalyst in a stock that has whipped around since its September listing. Via said on Tuesday it will release fourth-quarter 2025 results before U.S. markets open on Feb. 27 and host a conference call at 8:30 a.m. Eastern time. (Business Wire)
Wall Street’s tone did not help. The Nasdaq was down about 1.4% with tech and bank shares leading declines, and investors rotating into more defensive corners of the market, a Reuters report showed. “After a nice run, and so-so or mediocre earnings, you’re seeing profit-taking and consolidation,” said Michael O’Rourke, chief market strategist at JonesTrading.
A day earlier, Goldman Sachs upgraded Via to Buy from Neutral and set a $44 price target, down from $52. The bank said the shares trade at a discount to peers despite faster growth, and flagged that quarter-to-quarter noise can reflect the timing of government contract wins rather than a broken long-term story.
The $44 target implies roughly 82% upside from Wednesday’s trade, but the stock’s sharp intraday drop shows investors are still quick to sell rallies.
Via sold shares at $46 in its IPO, valuing the company at about $3.65 billion, Reuters reported at the time. The New York-based firm sells technology that uses on-demand shared rides and routing software to help cities and agencies run transit systems. (Reuters)
But Via’s revenue has been tied heavily to public-sector budgets. In its IPO paperwork, Via said more than 90% of its revenue came from government contracts, and it posted a net loss in the first half of 2025, a filing showed. (Reuters)
That mix can cut both ways. If procurement cycles stretch or cities pause projects, quarterly results can look weak fast, even if demand has not vanished.
