Clear Secure (YOU) Stock Forecast & Price Target

Clear Secure Inc. demonstrates a robust growth trajectory, with cumulative enrollments increasing by 35.1% to 35.75 million members, reflecting strong demand for its identity verification services. The company's adjusted EBITDA rose by 44% to $70.1 million, exceeding expectations and highlighting effective cost management and scalability, which are anticipated to sustain healthy margins moving forward. Revenue forecasts show an improvement for 2026 with a projected growth of 10.7% to $992 million, indicating a positive outlook supported by increasing traveler engagement and the enhanced value proposition of Clear Plus amidst rising security concerns.

Clear Secure Inc. has experienced a decline in its gross dollar retention rate, which decreased by 40 basis points to 86.9%, indicating potential challenges in maintaining customer loyalty and revenue stability. Furthermore, the company anticipates the lowest growth in net new members in the upcoming third quarter of 2025, primarily due to the timing of annual renewals and seasonal fluctuations in travel trends. Additionally, operational risks such as volatility in commodity costs, changing consumer spending habits, rising interest rates, and decreasing consumer confidence could adversely impact Clear Secure's performance moving forward.