DWAC (DJT) Stock Forecast Today, Tomorrow, Week and 2024
DWAC (DJT) Stock Forecast: Read the latest analysis and predictions
Latest DWAC Stock Price
| Metric | Value | Trend |
|---|---|---|
| Current Price | $33.20 | Higher |
| Trading Volume | $17.7 M | Higher |
Digital World Acquisition Corp., a special purpose acquisition company (SPAC) merged with Trump Media & Technology Group (TMTG), the parent company of Truth Social. After the merger, DWAC now trades under the symbol DJT on the Nasdaq.
DWAC Stock Price Performance
- Last 1 Month: +54.5%
- Last 6 Months: +301.3%
- Last 12 Months: +385.8%
DWAC (DJT) stock jumps around 50% on its NASDAQ debut. What are the predictions and signals?
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Bullish |
| 1a. Market Data | Bullish |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Bearish |
| 2a. Social Media Buzz | Lower |
| 2b. Social Media Sentiment | N/A |
DJT stock debuted on NASDAQ on March 26th after the merger of Trump Media & Technology Group and DWAC. The stock skyrocketed and broke above $50. The bullish run of DJT continued and the stock closed nearly 15% higher on the last trading day. However, the stock now faces resistance at $80 which is our first target. The stock finds support at $40 and if DJT stock clears $80 then $100 will be the next target.
Technically DJT is bullish and our trade recommendation is to buy.
DWAC (DJT) Stock Forecast Today, Tomorrow, Week and 2024
- Trump Media & Technology Price Prediction in the next 24 hours is between $27.1 and $36.3
- Trump Media & Technology Price Prediction this week is between $26.1 and $36.8
DJT Stock Forecast 2024-2030
- Trump Media & Technology Price Prediction 2024 is $38.7
- Trump Media & Technology Price Prediction 2025 is $108
- Trump Media & Technology Price Prediction 2026 is $142
- Trump Media & Technology Price Prediction 2027 is $186
- Trump Media & Technology Price Prediction 2028 is $242
- Trump Media & Technology Price Prediction 2029 is $311
- Trump Media & Technology Price Prediction 2030 is $397
What is Trump Media & Technology Group?
Trump Media & Technology Group is the company behind the social media app, Truth Social. Digital World Acquisition Corp (DWAC), a special-purpose acquisition company (SPAC) merged with Trump Media & Technology Group (TMTG) in March 2024. TMTG is the owner of Truth Social, a social media platform launched by former US President Donald Trump.
Key Events and Developments:
- October 2021: DWAC announces a potential merger with TMTG, causing the stock price to surge.
- July 2023: SEC requests additional information from DWAC and TMTG regarding the merger, causing the stock price to drop.
- October 2023: DWAC settles fraud charges with the SEC, potentially paving the way for merger approval.
- March 2024: DWAC merged with Trump Media and Technology Group and now DWAC will be trading with a changed ticker symbol of DJT on NASDAQ.
Will DJT reach $100 in 2024?
Predicting the future price of any stock is inherently difficult, and DWAC (now DJT) is no exception. Here are some factors that influence DJT’s stock price:
DJT stock price has been heavily influenced by retail investors and social media hype surrounding former President Trump, rather than traditional financial metrics. This can lead to significant volatility. Truth Social, DJT’s main asset, is a relatively new platform competing with established social media giants. Its long-term success is not guaranteed. If Truth Social successfully expands its user base and engagement, it could become more valuable, leading to a stock price increase.
If DJT announces successful partnerships, new features, or strong financial performance, investor confidence could rise, driving the price up.
However, the main product of Trump Media & Technology Group, Truth Social faces strong competition. Established social media platforms like Facebook and Twitter have a strong user base. Truth Social might struggle to compete effectively. Additionally, social media platforms face increasing scrutiny around data privacy and content moderation. Issues here could hurt investor confidence.
However, if the current hype continues, DJT stock price will likely surge and break above $100 in 2024.
Is DJT a good stock to buy?
Here are some of the reasons why someone might want to buy DJT stock:
- Potential for high returns: DJT is a high-risk, high-reward investment. If Truth Social becomes a successful social media platform, DJT stock could rise significantly.
- Investment in a growing industry: The social media industry is still growing, and Truth Social has the potential to become a major player in the market.
- Belief in the company’s mission: DJT is a company that is focused on providing a platform for free speech and expression. Investors who believe in this mission may be more likely to invest in DWAC stock.
- Support for former President Trump: DJT is a company that is closely associated with former President Donald Trump. Investors who support Trump may be more likely to invest in DWAC stock.
It is important to note that DJT is a risky investment.
DJT Stock Prediction 2024: Reasons Not to Buy DWAC Stock
Here are some of the reasons why someone might not want to buy DJT stock:
- High risk: DJT is a high-risk, high-reward investment. The company is still in its early stages of development and there is no guarantee that Truth Social will be successful.
- Truth Social may not be successful. Truth Social is a new social media platform that is still in its early stages of development. It is not clear whether Truth Social will be able to compete with other established social media platforms, such as Facebook and Twitter.
- The company may face regulatory challenges. Truth Social has been criticized for its content moderation policies and its potential to spread misinformation. The company may face regulatory challenges in the future.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.