Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. has demonstrated substantial growth, with cumulative enrollments increasing by 35.1% to 35.75 million members, significantly bolstered by the expansion of Clear Plus and Clear1 services. The company also reported a robust adjusted EBITDA increase of 44% to $70.1 million, outperforming previous estimates and benefiting from efficient cost management across its operations. Looking ahead, projected revenue growth for 2026 is now estimated at 10.7% to $992 million, alongside an adjusted EBITDA forecast of $292 million, reflecting confidence in maintaining a healthy margin profile as the business scales.

Clear Secure Inc. is facing challenges reflected in a sequential decline in its annual gross dollar retention rate, which decreased by 40 basis points to 86.9%. The company anticipates experiencing the lowest growth in net new members during the third quarter of 2025, primarily due to annual renewal timing and seasonal travel trends. Additionally, the broader economic environment presents significant risks, including volatility in commodity costs, fluctuations in consumer spending, rising interest rates, and deteriorating consumer confidence, all of which could adversely affect the company's financial performance.