Clear's (YOU) iPhone (AAPL) Integration Alleviates Competitive Concerns - Analyst

Earlier today, Clear Secure, Inc. (NYSE: YOU) announced that Apple's (NASDAQ: AAPL) iPhone users can now securely share verifiable health records from the Apple Health app with CLEAR's Health Pass - empowering users with greater access and control of their health information. With iOS 15, iPhone users who have downloaded and stored verified COVID-19 vaccination records in the Health app are now able to securely share them for use on their Health Pass for seamless access to CLEAR's nationwide network of Health Pass partner locations.

Commenting on the news, Stifel analyst Scott Devitt notes: “The integration removes friction for consumers registering for Health Pass who have already downloaded their vaccination records to their iPhone using the Apple Health app. CLEAR has announced similar agreements this year with partners including Rite Aid and Walmart to provide digital access to consumers' vaccination records through CLEAR's Health pass. The announcement alleviates some competitive concerns related to recently introduced identity features within Apple’s Wallet and Health apps, in our view. Additionally, we highlight the integration given the scale of the iPhone user base and the potential for further integration as Apple continues to add features related to secure, digital identity.”

Stifel maintains a “Buy” rating and $54 Price Target on the stock.

Shares of YOU are trading nearly 5% lower following the announcement.

Written by Vlad Schepkov | [email protected]

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