A teenage boy is in critical condition following a stabbing incident at a home on the Gold Coast, with police suspecting the attack may be linked to a debt owed by the victim.

Two individuals reportedly arrived at a residence on Batchworth Road in Molendinar around 7:20 p.m. (AEST) on Thursday, specifically asking for the 17-year-old victim from Carrara by name.

After a brief exchange at the door, the teenager was allegedly stabbed with a knife. The assailants then quickly departed the scene in a white Mercedes-Benz dual-cab ute.

Others present at the house promptly contacted emergency services, and the injured teen was rushed to the hospital, where he remains in critical condition.

Other people at the home at the time called triple zero and the boy was taken to hospital in a critical condition.

The ute was later found and seized by police at the Grand Hotel in Labrador, however the two offenders remain on the run.

“We do believe that the attack has been targeted, we don’t believe there is any further threat to the public,” Gold Coast Detective Inspector Mark Mooney said today.

“The offenders have approached the house and asked for the victim by name and we believe that the incident has occurred over some debt that is in existence between the two parties.

“The reason for that debt is still to be determined.”

The teen underwent surgery overnight and is recovering today.

Police hope to speak with him this afternoon.

Mooney said the boy had been staying at the Molendinar address for a number of weeks but it was not his usual place of residence.

Officers are also hoping to speak with the registered owner of the white ute, a 32-year-old Molendinar man, to determine his whereabouts at the time.

Mobile phone data is expected to play a part in the investigation.