Clear Secure, Inc. (NYSE:YOU) saw a 22.6% surge in its stock price after JPMorgan upgraded its rating and price target. The stock hit a four-year high at $42.07 before closing at $41.08. JPMorgan raised its price target to $42 from $35, anticipating a favorable contract renewal with American Express.

Additionally, Clear Secure secured a contract with CMS to modernize identity verification for Medicare beneficiaries and providers. The agreement will integrate Clear Secure’s CLEAR1 platform into CMS for account creation, recovery, and healthcare information access. The contract will commence in early 2026.

Read more at Yahoo Finance: Clear Secure (YOU) Jumps 22.6% After JPMorgan Turns Bullish