Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. demonstrates significant growth in its operational metrics, as evidenced by a 35.1% increase in cumulative enrollments, reaching 35.75 million members, and a 7.5% growth in active Clear Plus members to 7.68 million. Financial performance indicates robust profitability with adjusted EBITDA rising 44% to $70.1 million, surpassing previous expectations, and projections suggest continued revenue growth, with a 10.7% increase forecasted for 2026, resulting in $992 million. This combination of expanding membership, strong usage metrics, and improving financials contributes to a favorable outlook for Clear Secure's stock.

Clear Secure Inc. has experienced a decrease in its gross dollar retention rate, which declined by 40 basis points to 86.9%, signaling potential challenges in maintaining existing customer relationships. Furthermore, the company anticipates the lowest growth in net new members in 3Q25, attributed to the timing of annual renewals and seasonal travel patterns, which may adversely impact revenue. Additionally, the broader economic risks, including volatility in commodity costs, shifts in consumer spending, rising interest rates, and decreasing consumer confidence, could further complicate the company’s financial outlook.