Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc has demonstrated significant growth, as evidenced by a 35.1% increase in cumulative enrollments to 35.75 million members, fueled by the expansion of its Clear Plus and Clear1 offerings. Financially, the company reported a robust 44% increase in adjusted EBITDA to $70.1 million, surpassing previous estimates, which reflects effective cost management and scalability. Additionally, the revenue projections for 2026 have been revised upward to $992 million, indicating a positive outlook based on ongoing operational strength and anticipated demand for its identity verification services.

Clear Secure Inc. is facing challenges with a slight decrease in its annual Clear Plus gross dollar retention rate, which has declined by 40 basis points to 86.9%. The company anticipates minimal growth in net new members for the third quarter of 2025, primarily due to the timing of annual renewals and inherent seasonality in travel trends. Additionally, external risks such as volatility in commodity costs, rising interest rates, and weakening consumer confidence may adversely impact the company's financial performance moving forward.