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Stifel Nicolaus Thinks Clear Secure’s Stock is Going to Recover

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Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Clear Secure (YOUResearch Report) today and set a price target of $32.00. The company’s shares closed last Wednesday at $23.00, close to its 52-week low of $22.28.

According to TipRanks.com, Devitt is a 5-star analyst with an average return of 22.0% and a 54.5% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Zillow Group Class A, and Uber Technologies.

Clear Secure has an analyst consensus of Moderate Buy, with a price target consensus of $30.50.

See Insiders’ Hot Stocks on TipRanks >>

Based on Clear Secure’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $67.56 million and GAAP net loss of $16.92 million. In comparison, last year the company earned revenue of $56.38 million and had a net profit of $11.14 million.

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Clear Secure Inc is involved in the creation of a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports which helps to make the travel experience safe and easy.

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