1411 ET - Via Transportation has ample runway to acquire new customers over the next several years, Raymond James analysts say in a note. The company's 689 customers represent just a 1% penetration of its $88 billion serviceable available market, a share that should grow given increased secular interest in microtransit services, the analysts say. Via's existing customers have also consistently increased adoption of the company's products after initially signing onto either its microtransit or planning offerings, they add. "Via is already a leading vendor for microtransit services in the U.S. and around the world, and we believe the company can maintain its market leadership thanks to the strength of its go-to-market and land-and-expand motion," they say. Raymond James initiates coverage on Via with an outperform rating.(kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

October 07, 2025 14:12 ET (18:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.