Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. has demonstrated significant growth in its membership base, with cumulative enrollments rising by 35.1% to 35.75 million members, thus enhancing its market position in identity verification within the travel sector. The company reported an adjusted EBITDA increase of 44% to $70.1 million, surpassing expectations, while healthy profit margins are anticipated to be maintained through operational efficiencies and increased membership fees. Additionally, revenue projections for 2025 and 2026 have been adjusted upward, reflecting a forecasted 16% growth to $896 million and a subsequent increase to $992 million in 2026, indicating strong financial momentum driven by the strength of CLEAR+ verifications.

Clear Secure Inc. experienced a decline in its annual gross dollar retention rate to 86.9%, indicating potential challenges in maintaining existing customer relationships. The company anticipates the lowest growth in net new members for the third quarter of 2025, which may signal difficulties in attracting new users amidst seasonal fluctuations in travel. Additionally, macroeconomic risks such as volatility in consumer spending, rising interest rates, and overall weaker consumer confidence could further impact Clear Secure's financial performance and growth prospects.