Why Doesn’t Wall Street Care About Trump Media Stock (NASDAQ:DJT)?

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Trump Media & Technology Group (DJT) has been consistently trending lately, but Wall Street doesn’t seem to care. As the 2024 U.S. presidential election approaches, predictive betting markets are consistently shifting in Donald Trump’s favor. But even as his theoretical odds of victory increase, Wall Street analysts don’t seem concerned about the stock that trades under his initials. Analysts have issued no recent ratings or price targets for the parent company of Truth Social.

What’s Happening with DJT Stock

Despite some volatility over the past month, DJT stock has risen steadily, enjoying the pre-election momentum that is favoring Trump. This trend doesn’t seem to be slowing down as the election draws closer. As of this writing, it is up 24% for the month despite a dip in September that sent shares plunging.

Even with this performance and the attention that DJT stock is attracting, Wall Street analysts…

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