Clear Secure price target raised to $27 from $24 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Clear Secure to $27 from $24 and keeps a Buy rating on the shares. The company’s Q3 report focused on a number of key themes, namely the continued strength of travel trends driving membership growth and net retention and the utility of the CLEAR platform that continues to make progress with an acquisition, unlocking financial services ID/KYC capabilities, the analyst tells investors in a research note. Goldman Sachs added that shareholder returns continue to be part of the capital allocation story for Clear Secure.