Investors Seek Gold Alternative - Platinum Hits $1,400 As Supply Deficit Deepens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2025
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Source: Benzinga
Platinum Price Surge: Platinum prices have reached their highest levels since 2014, driven by a significant supply deficit and increased demand from jewelry and technology sectors, particularly in China where consumers are opting for platinum over gold.
Future Outlook: Analysts predict that the bullish trend in platinum will continue due to ongoing supply challenges and growing industrial and investment demand, with the World Platinum Investment Council forecasting deficits through 2029.
Analyst Views on PLTM
Wall Street analysts forecast PLTM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLTM is USD with a low forecast of USD and a high forecast of 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.
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Current: 23.910
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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.
