What's Going On With Clear Secure Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Clear Secure Inc's stock is trading higher after Needham analyst Joshua Reilly reiterated a Buy recommendation with a $40 price target. The analyst believes that the company's growth is more sustainable than investors expect and profitability at scale will also surprise the upside. Key bull points include the sustainability of the travel boom post-COVID-19, a large enough TAM to double subscribers over time, and attractive unit economics driving long-term FCF leverage. The analyst also noted that the valuation of Clear Secure at 20x EV/FCF based on the FY23 consensus estimate discounts a slowdown in travel and Amex bookings.
July 24, 2023 | 6:20 pm
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POSITIVE IMPACT
Clear Secure's stock is trading higher after a positive review from a Needham analyst. The analyst believes in the company's sustainable growth and profitability at scale, which could lead to a higher stock price.
The analyst's positive review and reiteration of a Buy recommendation for Clear Secure's stock could lead to increased investor confidence and a higher stock price. The analyst's belief in the company's sustainable growth and profitability at scale could also contribute to a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The valuation of Clear Secure, which is trading higher, discounts a slowdown in travel and Amex bookings. This could potentially impact American Express's stock.
The analyst's note that the valuation of Clear Secure discounts a slowdown in travel and Amex bookings could potentially lead to a decrease in investor confidence in American Express, leading to a lower stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50