Gold.com: Strengthened Fundamentals and Transformational Tether Partnership Underscore Buy Rating and Upside to $90 Target

Maxim Group analyst Tom Forte has reiterated their bullish stance on GOLD stock, giving a Buy rating yesterday.

Tom Forte has given his Buy rating due to a combination of factors that underscore both improving fundamentals and a stronger strategic position for Gold.com. He notes that the company’s latest quarter delivered adjusted EBITDA and GAAP EPS ahead of his expectations, with revenue more than doubling year over year, indicating robust operating momentum despite some margin pressure linked to expanded hedging and forward sales activity. Forte also highlights Gold.com’s strengthened balance sheet, with a higher cash balance, manageable debt, and a maintained dividend, supporting his view that the company has sufficient capital to fund its operations and growth initiatives.

In addition, Forte views the newly announced partnership with Tether as a transformational development that enhances Gold.com’s long‑term prospects. The $150M investment from Tether, including a sizable equity purchase and board representation, is seen as validation of Gold.com’s role as an essential physical gold infrastructure provider for large-scale digital asset players. This relationship not only injects capital but also potentially expands Gold.com’s strategic reach and business opportunities. Reflecting these factors, Forte raises his 12‑month price target to $90 based on a long-term DCF framework, also pointing out that the shares currently trade at a discount to peers on an EV/EBITDA basis, which in his view offers compelling upside for investors.

In another report released yesterday, Northland Securities also upgraded the stock to a Buy with a $57.00 price target.

GOLD’s price has also changed dramatically for the past six months – from $22.280 to $55.320, which is a 148.29% increase.