15 Hot Tech Stocks to Buy Right Now

8. Clear Secure Inc. (NYSE:YOU)

Upside Potential: 30%

Number of Hedge Funds: 25

Clear Secure Inc. (NYSE:YOU) offers a secure identity verification platform that primarily focuses on enhancing the travel experience for consumers. The company employs top-tier biometric capture technology to streamline the identification process at airports and other venues, allowing users to bypass traditional security lines.

Clear Secure Inc. (NYSE:YOU) has established a significant physical presence both in the US and globally. Its services are designed to improve efficiency and security for both travelers and businesses, with applications extending beyond travel to include sports and entertainment venues. The company’s growth strategy aims to capitalize on the increasing demand for expedited security solutions in the travel and event sectors. By forming partnerships with major airlines and venues, the company has built a solid foundation for growth, and its subscription-based model offers potential for recurring revenue.

In its Q3 2024 results, Clear Secure Inc. (NYSE:YOU) reported strong growth trends, with Total Cumulative Platform Uses reaching 220.4 million (+32% year-over-year), driven primarily by CLEAR Plus verifications and an increasing contribution from CLEAR Verified. Consequently, total revenue for the quarter grew 23.7% to $198.4 million, and total bookings rose by 18.7%. In her shareholder letter for the third quarter, the company’s CEO, Caryn Seidman Becker, expressed optimism about its outlook for 2025 and said:

“Looking ahead to 2025, we are excited by the multi-faceted growth opportunities across our secure identity network as we continue to drive bookings, expand margins, and accelerate free cash flow. With a strong foundation in place and a clear vision for the future, CLEAR is well-positioned to continue delivering value for our members, partners, and shareholders.”