Joshua Reilly, an analyst from Needham, maintained the Buy rating on Clear Secure. The associated price target remains the same with $45.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that suggest Clear Secure is poised for significant growth. The recent price increases implemented on July 1st are expected to drive stronger bookings growth over the next year, surpassing current market expectations. Additionally, the rollout of the EnVe pod has improved customer retention, which is likely to contribute positively to the company’s performance.
Furthermore, the recovery in travel trends as consumer confidence rebounds is anticipated to benefit Clear Secure’s business. Reilly projects that 2025 bookings could grow by 14-15%, which is notably higher than the consensus estimate of 10.8%. This potential for outperformance, coupled with high short interest and negative investor sentiment, suggests that the stock could experience a rally. Overall, Reilly believes that the CLEAR+ business model is more robust than perceived, making the stock an attractive investment opportunity.
In another report released on July 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $29.00 price target.