Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. exhibits strong financial performance, as evidenced by a substantial 44% increase in adjusted EBITDA to $70.1 million, significantly surpassing earlier targets due to effective cost management across various operational segments. The company's user base is expanding rapidly, with cumulative enrollments rising by 35.1% to 35.75 million members and active Clear Plus membership growing by 7.5%, which reflects the increasing demand for its frictionless travel solutions. Additionally, revenue projections for 2025 have been revised upward to $896 million, alongside an expected adjusted EBITDA of $253 million, indicating robust growth potential and a healthy margin profile moving forward.

Clear Secure Inc's annual gross dollar retention rate decreased by 40 basis points to 86.9%, indicating potential challenges in retaining customers, which could adversely affect revenue stability. In the third quarter of 2025, the company anticipates its lowest growth in net new members due to the timing of annual renewals and seasonal travel patterns, which may hinder overall growth prospects. Additionally, Clear Secure faces various market risks, including volatile commodity costs, fluctuating consumer spending, rising interest rates, and declining consumer confidence, all of which could negatively impact its financial performance and stock outlook.