Analyst Joshua Reilly of Needham maintained a Buy rating on Clear Secure (YOU – Research Report), retaining the price target of $45.00.
Joshua Reilly has given his Buy rating due to a combination of factors including Clear Secure’s strong performance in the fourth quarter, where the company exceeded its bookings guidance by 200 basis points. Despite a slight downward adjustment in consensus bookings for the fiscal year 2025, Reilly sees the current dip in stock price as a buying opportunity, driven by the company’s attractive valuation and anticipated improvements in customer experience. These enhancements are expected to lead to higher net member retention throughout the fiscal year.
Furthermore, Reilly notes that the estimates for the second half of 2025 do not yet account for potential benefits from anticipated price increases, suggesting there could be more upside than currently expected. Although the resignation of Ken Cornick, the President and CFO, was announced, Reilly’s outlook remains optimistic, focusing on the company’s strategic position and growth prospects.
According to TipRanks, Reilly is a 4-star analyst with an average return of 6.4% and a 47.50% success rate. Reilly covers the Technology sector, focusing on stocks such as Verint Systems, Tyler Technologies, and Paycom.
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