Investing.com -- Gold.com (NYSE:GOLD) stock soared 17% Tuesday amid positive sentiment following analyst commentary and broad strength in gold and silver prices.
DA Davidson analyst Michael Baker raised his price target on Gold.com to $53.00 from $45.00 while maintaining a Buy rating, citing the continued rise in spot prices for both gold and silver, along with increased volatility in the market.
Baker noted that the increased volatility correlates with widening spreads, based on the firm’s proprietary weekly price checks comparing retail pricing across e-commerce sites to spot prices. The analyst also believes unit demand is increasing alongside higher pricing, supported by Google trends data.
"This all sets up for a potential beat when GOLD reports 2Q26 (Dec. ’25), with accelerating trends for the March quarter," Baker wrote in his note to clients.
The analyst’s optimism led him to increase estimates for both upcoming quarters, with the new $53 price target based on 8 times his calendar 2027 EBITDA estimate.
The stock’s strong performance comes as precious metals have seen renewed investor interest amid economic uncertainty and inflation concerns.
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