Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. is demonstrating strong financial growth, evidenced by a 15.5% increase in total revenue to $229.2 million in 3Q25, along with an impressive 44% rise in adjusted EBITDA to $70.1 million, surpassing previously set targets. Membership metrics also reflect positive trends, with cumulative enrollments rising 35.1% to 35.75 million and active Clear Plus members increasing by 7.5% to 7.68 million, showcasing the platform's growing appeal and usage. Furthermore, revenue projections for 2026 have been revised upward to $992 million, indicating sustained momentum and an expected adjusted EBITDA of $292 million, reinforcing Clear Secure's strong market position and financial health.

Clear Secure Inc. experienced a decline in its annual gross dollar retention rate, which decreased by 40 basis points to 86.9%. Additionally, the company anticipates the lowest growth in net new members in the upcoming quarter due to the timing of annual renewals and seasonal travel trends. Compounding these issues are external risks, including volatility in commodity costs, fluctuations in consumer spending, rising interest rates, and overall weakened consumer confidence, which may adversely impact the company's financial performance.