Clear Secure downgraded to Neutral from Buy at DA Davidson

DA Davidson last night downgraded Clear Secure (YOU) to Neutral from Buy with a price target of $60, down from $65. The firm sees a more balanced risk/reward following the Q1 report. Consensus estimates now reflect continued strength in travel volumes and successful execution from Clear, the analyst tells investors in a research note. DA believes any pressure in TSA volumes or stronger traction in TSA Touchless ID may establish a narrative that active Clear+ member churn could become elevated, pressuring Clear Secure’s growth entering 2027.