Needham analyst Joshua Reilly discovered that Clear Secure’s TSA PreCheck for renewal customers online has just gone live. This means customers who visit the TSA PreCheck website put on by the TSA.GOV will now have the opportunity to click a link and renew their PreCheck through Clear Secure and also optionally be able to purchase a bundle of PreCheck plus Clear, the analyst tells investors in a research note. The firm believes this indicates an in-airport offering for both renewals and net new customers is approaching for the company. It keeps a Buy rating on the shares with a $40 price target.
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