Is Trump Media & Technology Group Stock a Buy?
It might not be the Official Trump crypto coin, but investing in Trump Media & Technology (NASDAQ: DJT) is probably the best way to play the increased media exposure around all things Donald Trump now that he's president again. Surprisingly, the stock has been relatively stable since the Nov. 5, 2024, election and it's been down since the Jan. 20 inauguration. The stock seemed to move in tandem with his prospects of winning before he was elected, but the catalyst driving the share price now seems unclear.
Based on conventional valuation metrics, the stock now looks grossly overvalued, but the president's role in the platform and his large base of followers make it unique.
Is Trump Media a buy? Let's take a closer look at the company and its prospects before answering that question.
Source Fool.com
