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YOU · Analysis updated Nov 6, 2026, 9:54 AM ET
Why is CLEAR Secure (YOU) stock moving?
CLEAR reported strong Q3 results on Nov 4. Revenue rose 27.8% to $292.9M, ahead of the roughly $286.7M consensus. Adjusted EBITDA was $103.9M, a 35.5% margin. Members grew 14.5% to 8.5M. Management guided Q4 revenue to $299-302M and raised its 2026 free-cash-flow outlook to at least $490M. The stock jumped from $47.76 to a $59.08 close on Nov 4, a gain of about 24%. It traded 6.7M shares that day, several times the recent norm of about 1-2M, and touched an intraday high of $66.20. It then gave back some ground on Nov 5, closing at $56.50 on lower volume of 2.6M. That fade from the high suggests some profit-taking. Analysts moved up after the report: Needham to $90, Goldman at $80, JPMorgan to $75 and Wells Fargo to $50 (still Underweight). The consensus rating remains Hold, with targets of roughly $61-67 depending on the source. Risks include a stretched short-term run, a split analyst camp, and the consensus rating still at Hold. The stock is now near or above many targets, and sources disagree on how EPS is measured. Even so, the fundamentals and cash returns are strong.
News behind the analysis
- CLEAR Secure (NYSE:YOU) Posts Quarterly Earnings Results, Beats ExpectationsQ3 revenue was $292.85M, up 27.8%, against a $286.65M consensus. Adjusted EBITDA was $103.9M and active CLEAR+ members rose 14.5% to 8.5M.
- Clear Secure (YOU) Surpasses Q3 Earnings and Revenue EstimatesAdjusted EPS was $0.63 against the Zacks consensus of $0.56, a 12.5% surprise. Revenue beat by 2.22%.
- Clear Secure earnings beat, revenue topped estimatesQ4 revenue guidance is $299-302M. The stock closed at $47.76 before the report.
- CLEAR Secure Shares Climb 26.9% After Earnings BeatShares jumped from a $47.76 prior close to about $60.59 on earnings day.
- CLEAR Secure Price Target Raised to $75.00 (JPMorgan)JPMorgan raised its target from $55 to $75 and kept Overweight. The company raised its 2026 free-cash-flow outlook to at least $490M.
- CLEAR Secure Given New $90.00 Price Target at NeedhamNeedham raised its target from $70 to $90 and kept Buy. Consensus rating is Hold.
- Wells Fargo Raises CLEAR Secure Price Target but Stays UnderweightWells Fargo lifted its target from $45 to $50 and kept Underweight. The new target implies about 12% downside. The consensus target is $64.
- Clear Secure target price raised to $75 from $55 by JP MorganA brief note on JPMorgan's target increase after the results.
- Stock Analysts' Price Target Changes for November 5thLists Wells Fargo's target increase on CLEAR Secure to $50.