Clear Secure's Mass Adoption Moment Is Here (Rating Upgrade)

Clear Secure is benefiting from TSA funding gridlock, driving increased demand for its expedited airport security services. YOU shares have surged ~35% YTD and nearly doubled year-over-year, supported by accelerating bookings growth and a robust FY26 outlook. I am upgrading YOU to a buy, citing substantial improvements in free cash flow and an accelerating growth trajectory.