DJT Stock Price Prediction 2026 to 2030: Can Trump Media Recover?

Last Updated: October 31, 2026

Trump Media & Technology Group (DJT) closed at $6.40 on Friday, October 23, 2026, after touching a record intraday low of $6.28, which leaves the company worth about $1.8 billion. The stock has fallen about 60% over the past year and trades more than 90% below its first-day high of $79.38 in March 2024. The two forecast models we track put DJT between about $4.40 and $7.30 at the end of 2026, and CoinCodex’s longer-range model points lower still, to about $3.21 in 2030.

The company behind Truth Social has changed sharply since this page was first published. Its bitcoin treasury, funded with about $2.5 billion raised in May 2025, produced $360.6 million of digital asset losses in the first half of 2026 as bitcoin fell. In August it ended a planned CRO treasury venture with Crypto.com, and in April Devin Nunes stepped down as CEO. Trump Media is now working to close an all-stock merger with fusion energy company TAE Technologies by the end of the year, while holders of its $1 billion of convertible notes can demand repayment in cash on November 30, 2026.

This guide covers what Trump Media does, its crypto bets, the TAE merger, DJT’s price history and technical picture, the forecasts for 2026 to 2030 and the main risks for investors.

Trump Media & Technology Group Corp: A Quick Introduction

Trump Media & Technology Group Corp. (TMTG) is a U.S. media and technology company listed on Nasdaq and NYSE Texas under the ticker DJT. President Donald J. Trump’s revocable trust owns about 114.75 million shares, or roughly 41% of the company, which makes it the controlling shareholder.

Its main product is Truth Social, a social media platform launched in 2022 as an alternative to X and Facebook. The company also runs Truth+, a streaming TV service, and Truth.Fi, a financial services brand that offers exchange-traded funds and separately managed accounts. In August 2026 it launched Truth API, a paid data feed that gives trading firms low-latency access to public posts from top Truth Social accounts.

Kevin McGurn, a media and advertising technology executive who had advised the company, has led Trump Media as interim CEO since April 21, 2026, when Devin Nunes stepped down to focus on his role as chairman of the President’s Intelligence Advisory Board.

DJT: Public Listing and Market Entry

DJT began trading publicly in March 2024 after a long-delayed merger with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company (SPAC). The deal faced regulatory delays and scrutiny, including an SEC case that DWAC settled in July 2023 by agreeing to an $18 million penalty, before DJT finally debuted on Nasdaq on March 26, 2024.

Since its listing, DJT has been one of the most closely watched stocks in the U.S. market, followed by retail traders, political analysts and the media as much as by institutional investors, which own only about 4% of the shares. Its price has reacted more to political headlines and Trump-related news than to the company’s financial results.

Business Model and Growth Ambitions

Trump Media still generates very little revenue. It reported $1.67 million of revenue in the second quarter of 2026, up 89% from a year earlier, against a net loss of $238.1 million, most of it non-cash losses on crypto holdings. In the first quarter it lost $405.9 million on $871,200 of revenue. The company’s growth plans now rest on three products:

• Truth+: a streaming TV service that is moving out of beta toward broad availability, with a paid Patriot Package subscription.
• Truth.Fi: a financial brand whose ETFs and managed accounts earn management fees; management said in August that its America First ETFs continue uninterrupted.
• Truth API: a business data feed launched on August 1, 2026. Trump Media says it has signed more than 10 customers, mainly high-frequency trading firms, generally paying $60,000 to $100,000 a month. The product has drawn criticism because it sells fast access to posts that can move markets, and Senators Elizabeth Warren and Adam Schiff urged the SEC to examine it in July.

Audience remains the core problem. Truth Social averaged about 260,000 daily users in September 2026, down more than 30% from a year earlier, according to Similarweb data cited by The Washington Post. DJT is often called a “political meme stock” because its price tends to spike or plunge on political news rather than on earnings.

Trump Media Bets on Crypto

On May 27, 2025, Trump Media announced a roughly $2.5 billion capital raise from about 50 institutional investors to build a bitcoin treasury: about $1.5 billion of common stock and $1.0 billion of zero-coupon convertible senior secured notes, with Crypto.com and Anchorage Digital as custodians. The move made Trump Media one of the largest corporate bitcoin holders and tied its balance sheet to the price of bitcoin.

A Bold Bet on Bitcoin

The bet has been costly so far. Bitcoin peaked above $126,000 in October 2025 and fell to roughly $58,800 by June 30, 2026, according to the company. Trump Media recorded $360.6 million of losses on digital assets in the first half of 2026, which accounts for most of its net losses this year.

At the end of June the company held about 9,477 bitcoin plus about 2,077 bitcoin pledged to a yield program, as well as shares of BlackRock’s iShares Bitcoin Trust (IBIT). In July it sold part of the IBIT position and bought 2,534 more bitcoin, bringing its total to about 14,139 BTC on July 31, worth about $890.5 million at the time. In August management paused the bitcoin yield strategy, moved to third-party institutional management of its holdings and said it would put more resources into its core businesses. With bitcoin back below $80,000 on October 24, those coins would be worth about $1.1 billion. For the outlook on the coin itself, see our Bitcoin price prediction.

Partnership with Crypto.com

Crypto.com has been Trump Media’s main crypto partner. It was a custodian for the bitcoin treasury and was lined up to service Truth.Fi’s planned crypto ETFs, and in August 2025 the two companies and Yorkville Acquisition Corp. announced Trump Media Group CRO Strategy, a planned $6.4 billion treasury company that would hold Cronos (CRO). Trump Media agreed to buy about $105 million of CRO, and in October 2025 the partners announced Truth Predict, a plan to bring Crypto.com’s prediction markets to Truth Social.

Most of that has since been unwound. In May 2026 Truth Social withdrew several crypto ETF filings, and on August 7, 2026, Trump Media, Crypto.com and Yorkville ended the CRO treasury venture, citing market conditions. The prediction market integration became a marketing agreement. CRO fell after the news; our CRO price prediction explains what the cancellation meant for the token.

Trump Media’s TAE Fusion Merger

On December 18, 2025, Trump Media agreed to merge with TAE Technologies, a California fusion energy developer, in an all-stock deal valued at more than $6 billion. Shareholders of each company would own roughly half of the combined business, which would keep the DJT ticker. Trump Media provided $200 million of cash to TAE at signing and agreed to make another $100 million available once the merger registration statement was filed.

The companies plan to build a first 50-megawatt fusion power plant, followed by plants of 350 to 500 megawatts. The U.S. antitrust waiting period expired on February 19, 2026, and in June the companies dropped a plan to spin Truth Social off into a separate listed company. Trump Media filed its Form S-4 registration statement on September 30, 2026; shareholders can vote only after the SEC declares it effective. The companies are targeting completion by the end of 2026, before the agreement’s December 18 outside date.

For DJT holders, the merger would roughly double the share count, with about 292.6 million new shares going to TAE investors, and turn Trump Media into a fusion energy developer with a media business attached.

DJT Stock: Price History

Trump Media’s route to the stock market began in October 2021, when Digital World Acquisition Corp. (DWAC) announced its plan to merge with the company. DWAC shares jumped from around $10 to over $175 within days, driven by political branding and retail enthusiasm rather than business fundamentals.

The hype cooled as the SEC investigated the merger. DWAC drifted lower through 2022 and closed the year near $15, then traded mostly between $13 and $18 in 2023 as regulatory uncertainty dragged on and Trump Media shared little financial information.

The merger finally closed in 2024. On March 26, 2024, DJT opened on Nasdaq at $70.90, rose to $79.38 and closed at $57.99, briefly valuing the company at more than $7 billion. The excitement faded after the company reported 2023 revenue of only $4.1 million and a loss of nearly $58 million, and DJT fell as low as about $22.55 in mid-April 2024 before rebounding to about $50 by the end of the month.

2025 brought steeper losses. DJT fell about 67% between January 17, 2025, the last trading day before Trump’s second inauguration, and the end of the year, according to Axios, despite a jump in late December when the TAE merger was announced.

The decline continued in 2026. DJT closed June at $7.74, rebounded to $9.86 at the end of July, then slid through the autumn and set a record intraday low of $6.28 on October 23, 2026, before closing at $6.40.

DJT Stock Price Prediction: Technical Analysis

DJT closed at $6.40 on October 23, 2026, down about 3% on the day and 20% since October 12, below its 50-day moving average of about $8.57 and its 200-day average of about $8.79, according to MarketBeat data. The 14-day RSI is near 27.5, which CoinCodex classes as oversold, and 20 of the 22 technical indicators it tracks are bearish.

Because DJT is trading at record lows, there is no historical support below the current price. The $6.28 low of October 23 is the first level to watch, followed by round numbers at $6 and $5. On the upside, DJT would need to recover $7.40, where it closed on October 15, and then about $8, its level on October 12, to ease the downtrend; the 50-day average near $8.60 is the bigger test.

Corporate events are likely to matter more than chart levels in the coming weeks: the SEC review of the TAE merger filing, the shareholder vote that follows, third-quarter results and the November 30 put date on the convertible notes.

DJT Stock Price Prediction by Blockchain Reporter

Our original DJT model, published on this page in June 2025, projected average prices of about $231.84 for 2025 and $382.81 for 2026, and more than $1,000 from 2031. DJT trades near $6.40, less than 2% of the 2026 projection, so we have retired that model. We now track third-party forecasts instead, summarized below and in each yearly section.

Sources: CoinCodex and Traders Union, as of October 24, 2026. Traders Union’s tables beyond 2026 are internally inconsistent, so we do not cite them. These are algorithmic estimates, not analyst price targets.

DJT Stock Price Prediction 2026

The models disagree on direction. CoinCodex expects DJT to end the year slightly above today’s price, at about $6.71, while Traders Union sees a further slide to about $4.51. Three events could move the stock before year-end: the SEC review of the TAE merger filing and the shareholder vote, the November 30 date when noteholders can demand repayment of up to $1 billion, and the December 18 outside date for the merger.

DJT Stock Price Prediction 2027

CoinCodex projects about $4.98 for December 2027, about 22% below today’s price. If the TAE merger closes, 2027 would be the first full year of Trump Media as a fusion energy developer with roughly twice as many shares outstanding, and its value would depend on progress toward the first power plant as much as on Truth Social.

DJT Stock Price Prediction 2028

CoinCodex sees about $4.21 at the end of 2028. The convertible notes mature on May 29, 2028, if they have not been repaid earlier, and their $34.72 conversion price is far above today’s share price, so conversion into stock is unlikely without a dramatic rally.

DJT Stock Price Prediction 2029

CoinCodex’s model keeps falling, to about $3.63 in December 2029. Models like this extend the recent trend and cannot price the outcome of a fusion development program, which is the main swing factor if the merger closes.

DJT Stock Price Prediction 2030

For 2030, CoinCodex projects an average of about $3.21 within a range of $2.36 to $4.52. Even the top of that range is about 30% below today’s price.

DJT Stock Price Prediction 2031 to 2034

CoinCodex’s long-range model keeps declining, to about $2.02 at the end of 2031 and below $1 by the middle of the next decade. Forecasts this far out for a company that may become a fusion energy developer are extrapolations of the price trend, not valuations, and should not be read as targets.

DJT Stock Price Forecast: By Experts

DJT has almost no Wall Street coverage. MarketBeat lists a single analyst rating, a Sell from Weiss Ratings, and no consensus price target, and Wall Street Zen also rates the stock a Sell. Institutions and hedge funds own only about 4.3% of the shares, although BlackRock raised its stake by about 59% in the second quarter, to a position worth about $101.7 million.

Algorithmic models are uniformly bearish. CoinCodex counts 20 bearish and 2 bullish technical indicators and projects about $4.92 a year from now, while Traders Union expects about $4.51 by December. These models follow the price trend and do not account for the TAE merger, so the most useful inputs for DJT are its own filings: cash, bitcoin holdings, the convertible notes and the merger terms.

Why Has DJT Stock Been Dropping Recently, and What Are the Forecasts?

DJT closed at $5.59 on Friday, October 30, 2026, after a new record intraday low of $5.40, according to Nasdaq trading data compiled by StockAnalysis. The stock has lost about 36% since its October 1 close of $8.79 and about 64% since October 30, 2025, when it closed at $15.33. That values Trump Media at about $1.55 billion, based on the 277.9 million shares in its merger filing.

The main reasons, as reported:

• Losses: Trump Media lost $238.1 million in the second quarter on revenue of about $1.7 million, mostly from non-cash losses on digital assets and equities.
• A shrinking audience: Truth Social’s mobile app averaged about 260,000 daily users in September 2026, down from about 420,000 in June 2025, according to Similarweb estimates.
• The crypto retreat: the planned CRO treasury venture with Crypto.com was terminated on August 7.
• Dilution and debt: the TAE Technologies merger would give TAE’s holders about half of the combined company, and holders of $1 billion of convertible notes can demand cash repayment on November 30, 2026.

An amended merger filing dated October 29 lists a virtual shareholder meeting on December 14, 2026, which can go ahead only once the SEC declares the registration statement effective.

Truth Social has no separate stock, so forecasts for “Truth Social stock” refer to DJT. The model forecasts and analyst views for 2026 to 2030 are summarized in the sections below; algorithmic forecasts change often and are not analyst targets.

Is DJT Stock a Good Investment? When to Buy?

Before deciding whether DJT belongs in a portfolio, investors should weigh several factors:

• Platform engagement: Truth Social averaged about 260,000 daily users in September 2026, down more than 30% from a year earlier.
• Monetization strategy: Quarterly revenue is under $2 million. Truth API, Truth+ and Truth.Fi need to grow much faster to cover costs.
• Regulatory and legal risk: Truth API faces political and legal scrutiny, and legacy SPAC litigation still generates costs.
• Brand dependency: DJT’s value is closely tied to Donald Trump, whose trust controls about 41% of the shares.
• Merger risk: The TAE deal would roughly double the share count and turn the company into a capital-intensive fusion developer.
• Balance sheet: At the end of June, Trump Media had more than $400 million of unencumbered cash and short-term investments and about $1.2 billion in bitcoin and related assets, against nearly $1 billion of convertible notes that holders can put back on November 30, 2026.

The bull case is that DJT trades near a record low while the company still held about $1.9 billion of financial and digital assets before debt at the end of June, and the TAE merger offers exposure to fusion energy. The bear case is that the core media business still loses money, crypto losses have eroded the balance sheet, and the merger adds dilution and execution risk. Rather than trying to time a single entry, long-term buyers of a stock this volatile often spread purchases over time and keep positions small.

Conclusion

DJT has become a very different stock from the one this page first covered in 2025. The bitcoin treasury that was supposed to anchor its value has produced large losses, the Crypto.com ventures have been scaled back, Truth Social’s audience is shrinking, and the company’s future now depends largely on completing its merger with TAE Technologies.

At about $6.40, DJT trades at a record low. The next two months, with the merger vote, the November 30 put date on the notes and third-quarter results, are likely to decide whether the stock stabilizes. As always, do your own research before investing in a stock this volatile.

Data sources: Nasdaq trading data via StockAnalysis (prices), MarketBeat (moving averages, ratings and ownership), CoinCodex and Traders Union (forecasts), Trump Media’s SEC filings and second-quarter earnings call (financials, bitcoin holdings, convertible notes, Truth API), TAE Technologies (merger terms), The Washington Post (Similarweb traffic data) and Axios (2025 performance), as of October 24, 2026.

This article is for informational purposes only and does not constitute financial or investment advice.

Frequently Asked Questions

What is the DJT stock price prediction for 2026?
Forecasts for December 2026 range from about $4.51 at Traders Union to $6.71 at CoinCodex, whose range runs from $6.24 to $7.29. DJT closed at $6.40 on October 23, 2026, after a record low of $6.28. The SEC review of the TAE merger, the shareholder vote and the November 30 put date on Trump Media’s convertible notes are the main events before year-end.

What is the DJT stock forecast for 2030?
CoinCodex projects an average of about $3.21 for DJT in December 2030, within a range of $2.36 to $4.52, which is below today’s price of about $6.40. No Wall Street bank publishes a long-term target for the stock. Long-range models extend the recent downtrend and cannot price the outcome of the TAE fusion merger, which would change what the company is.

Why is DJT stock falling?
DJT has fallen about 60% over the past year as bitcoin’s decline produced $360.6 million of digital asset losses in the first half of 2026, Truth Social’s daily users dropped more than 30%, and the company scaled back its Crypto.com ventures. Investors also face dilution from the TAE merger, which would roughly double the share count, and a possible $1 billion note repayment on November 30.

What is the Trump Media and TAE merger?
Trump Media agreed in December 2025 to merge with TAE Technologies, a fusion energy developer, in an all-stock deal valued at more than $6 billion. Each side’s shareholders would own about half of the combined company, which would keep the DJT ticker. The registration statement was filed on September 30, 2026, and the companies are targeting completion by the end of 2026.

Does Trump Media still own bitcoin?
Yes. Trump Media held about 14,139 BTC on July 31, 2026, the latest figure it has disclosed, including coins pledged to a yield program. In July it bought 2,534 bitcoin with proceeds from selling part of its IBIT shares, and in August it paused the yield strategy and moved to third-party management. At about $80,000 per bitcoin, those holdings would be worth roughly $1.1 billion.

What happens with Trump Media’s convertible notes on November 30, 2026?
Trump Media issued $1 billion of zero-coupon convertible senior secured notes in May 2025 to fund its bitcoin treasury. They mature on May 29, 2028, but holders can require the company to repurchase them for cash at par on November 30, 2026. With a conversion price of $34.72, far above the share price, many holders may choose repayment. The company says its balance sheet can cover these liabilities.

Can DJT stock reach $100?
Not on any current forecast. At $100, Trump Media would be worth about $28 billion on today’s share count, more than 15 times its current market value of about $1.8 billion, and roughly twice that after the TAE merger doubles the shares. DJT’s all-time high is $79.38, set on its first trading day in March 2024. CoinCodex’s model stays below $8 through 2030.

What does DJT stand for?
DJT is the stock ticker of Trump Media & Technology Group, and the letters are the initials of Donald J. Trump, whose revocable trust owns about 41% of the shares. It is not the first Trump company to use the symbol: Trump Hotels & Casino Resorts went public under the ticker DJT in 1995 and filed for bankruptcy in 2004, according to CNN.

Are there any active DJT stock message boards?
Yes. DJT has its own discussion pages on Stocktwits and Yahoo Finance, and the stock is also discussed in investing communities on Reddit. Discussion there usually follows company news, such as Truth Social’s user numbers, the TAE merger, the convertible notes and bitcoin holdings. Posts are anonymous opinions, not verified information, so check claims against Trump Media’s SEC filings and investor relations releases.

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