Gold rises nearly 2%, spotlight on Fed meet By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
0mins
Source: Investing.com
Gold Prices Surge: Gold prices reached a two-week high, driven by increased buying from China post-holiday and concerns over potential U.S. tariffs on pharmaceuticals, with spot gold rising 1.9% to $3,395.94 an ounce.
Market Reactions and Predictions: Investors are closely monitoring the Federal Reserve's policy meeting for hints on interest rate cuts, while analysts predict that gold prices could rise significantly, potentially reaching $4,000 an ounce this year.
Analyst Views on PL
Wall Street analysts forecast PL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PL is 18.93 USD with a low forecast of 12.30 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 26.060
Low
12.30
Averages
18.93
High
22.00
Current: 26.060
Low
12.30
Averages
18.93
High
22.00
About PL
Planet Labs PBC is a provider of global, daily satellite imagery and geospatial solutions. It designs, builds, and operates the earth observation fleet of imaging satellites. It provides mission-critical data, advanced insights, and software solutions comprising agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to derive value from satellite imagery. Its satellite data and analytics reveal actionable insights regarding phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Its daily stream of proprietary data and machine learning analytics, delivered over its cloud-native platform, helps companies, governments and civil society use satellite imagery to discover insights as change happens. Its digital technology platform includes Agile Aerospace, Proprietary Big Data, and Platform and Analytics. Its products include Planet Monitoring, Planet Tasking, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
