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Stock impact report

Why Clear Secure Stock Rocketed 13% Higher Today [Yahoo! Finance]

Clear Secure, Inc. Class A (YOU) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Clear Secure › Clear Secure (NYSE: YOU) , the company behind the Clear traveler verification system that's a common sight at U.S. airports, had an excellent session on the stock exchange Friday. Its share price ballooned by over 13%, a surge largely driven by a recommendation upgrade from a top bank JPMorgan Chase unit J.P. Morgan was the upgrading party, in the person of analyst Cory Carpenter. He upgraded his recommendation on Clear Secure to overweight (buy, in other words) from his previous neutral rating. Furthermore, he also increased his price target by 20% to $42 per share. According to reports, Carpenter pointed out in his update on the stock that the company has the highest short interest in J.P. Morgan's coverage universe. One reason for this significant short interest might be its partnership with finance sector heavyweight American Express under a five-year pact that expires in June 2026. Contrary to many opinions about Clear Secure, Show less Read more
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