UPDATE: JPMorgan Downgrades Clear Secure Inc (YOU) to Neutral

August 3, 2021 3:58 AM EDT
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Price: $44.35 --0%

Rating Summary:
    2 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 9
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(Updated - August 3, 2021 4:34 AM EDT)

JPMorgan analyst Paul Chung downgraded Clear Secure Inc (NYSE: YOU) from Overweight to Neutral with a price target of $52.00.

The analyst comments "YOU is trading at elevated valuation multiples, which reflects the firm’s tremendous growth prospects, attractive margin structure, and internet-like operating leverage, as well as the unique differentiated nature of the business. We think many investors will be looking further out to the future to determine the fair value of this stock, though note that even on our FY26 estimates the stock is looking rich. We move to the sidelines and could look for a pull back to reengage."

For an analyst ratings summary and ratings history on Clear Secure Inc click here. For more ratings news on Clear Secure Inc click here.

Shares of Clear Secure Inc closed at $62.10 yesterday.


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