TECH - Clear Secure Poised for ARPU Growth with Pricing Strategy Analyst Says | Benzinga
Needham analyst Joshua Reilly reiterated Clear Secure Inc (NYSE: YOU) with a Buy and a $40 price target.
The analyst highlighted the impact of recent pricing increases for Clear Plus, the company's airport offering.
Reilly expects the blended ARPU for a Clear Plus member to increase in FY24 due to several factors, including price increases and lower Amex growth.
The analyst expects the negative ARPU impact of Amex Platinum to dissipate in FY24 as the company has hit the final tier of pricing step-downs. Second, price increases on SkyMiles customers continue to layer in the model.
Third, Family price changes are highly accretive ...