Clear Secure price target raised to $42 from $34 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Clear Secure (YOU) to $42 from $34 and keeps an Outperform rating on the shares. Based on the expansion of its biometric digital identity verification technology platform at airports, the firm believes the company is in the early stages of multi-year growth, the analyst tells investors. Additionally, the company should benefit expanding its platform beyond airport to new areas, such as healthcare and financial services, as well as adding new features, such as digital payments, the firm adds.