Is Clear Secure (YOU) a Good Investment and Will It Go Up?

YOU stock could see a sell-off in the near term as investors book profits. The stock has gone up too much, too quickly. According to MarketBeat, analysts’ average target price is $45.83 for YOU stock, which is 12 percent below its current price. Among the six analysts tracking YOU, two recommend a buy, while four recommend a hold. None of the analysts recommend a sell. Their highest target price of $52 is 0.3 percent below the stock’s current price, while their lowest target of $34 is 35 percent below.

On Aug. 3, J.P. Morgan analyst Paul Chung downgraded YOU stock to neutral from overweight, but maintained its target price of $52. The analyst cited YOU’s elevated valuation multiples for the downgrade. Clear Secure posted revenues of $230.8 million in 2020, which represents a growth of 20 percent YoY. Based on the $9.1 billion market cap, this implies a 2020 price-to-sales multiple of 39.4x.

Biometric security will be in high demand not only at airports, but also at sporting events, concerts, and conferences in the future. The global biometric system market size is expected to reach $67 billion by 2025 from $37 billion in 2020. Overall, the stock should go back up in the medium to long term because the company’s top line could get a boost as its customer base expands.

View more information: https://marketrealist.com/p/is-clear-secure-you-good-investment-go-up/

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