DJT Stock Forecast 2025: Can Trump Media Rebound After Its Crypto Crash?

Trump Media & Technology Group Corp. (NASDAQ: DJT, also listed on NYSE Texas as DJT) – the parent company of Truth Social, Truth+ streaming and the upcoming Truth.Fi fintech brand – is ending 2025 in full crisis mode.

After trading in the mid‑teens earlier this year, DJT now sits around $10.33 per share as of 22 November 2025, near its all‑time lows. ^[1] New York tabloid and financial press coverage estimate that the Trump family’s paper wealth tied to DJT has fallen by more than $5 billion since mid‑2024, as the stock has dropped roughly 70% in 2025 alone, including a one‑third plunge in the last month. ^[2]

At the same time, the company has quietly built a $3.1 billion portfolio of financial assets, including a huge bitcoin “treasury” and a new bet on Crypto.com’s Cronos (CRO) token, while continuing to report tiny revenues and sizable accounting losses. ^[3]

This article pulls together the latest news, fundamentals and third‑party forecasts to outline a DJT stock outlook through the end of 2025 – and why the next few weeks are likely to remain extremely volatile.

Important: This is not investment advice. It’s general information based on public sources as of 22 November 2025. Always do your own research and consider speaking with a licensed financial adviser before making investment decisions.

What is DJT stock?

DJT is the ticker for Trump Media & Technology Group Corp., the media and tech company founded by President Donald Trump. The group operates:

Truth Social – a social network positioned as a “free‑speech” alternative to Big Tech.
Truth+ – a streaming TV service offering news and family‑friendly content.
Truth.Fi – a new financial‑services/fintech brand focused on “America First” investment products, set to roll out fully in 2025. ^[4]

The company went public in March 2024 via a SPAC merger, and from day one has traded as a meme stock, driven more by Trump’s political fortunes, crypto sentiment and retail trader enthusiasm than traditional fundamentals. ^[5]

DJT stock performance in 2025: from meme winner to near‑penny status

Price, volatility and short interest

As of 22 November 2025:

Share price: ~$10.33
Market cap: ~$2.9 billion
52‑week low: around $10.3 intraday this week
Beta: ~4.7 (very high volatility vs the broader market) ^[6]

DJT has been a roller coaster since listing, but 2025 has been especially brutal:

Shares have fallen nearly 70% year‑to‑date, according to recent media reports. ^[7]
Much of the recent damage came in November, when both bitcoin and Cronos (CRO) sold off sharply and DJT hit new lows. ^[8]
The stock is now well below its 50‑ and 200‑day moving averages, a classic technical sign of a entrenched downtrend. Quant platforms flag DJT with predominantly “Sell” signals based on moving averages and momentum. ^[9]

Short interest remains elevated:

FINRA data summarized by market sites shows ~13.8 million shares short as of 31 October 2025 – roughly 9–11% of free float, with a short‑interest ratio around 2 days. ^[10]
DJT options activity has also spiked, with recent reports of unusually high options volume, underscoring how heavily the stock is traded by speculators rather than long‑term investors. ^[11]

This positioning means DJT can still see sharp short‑squeezes on positive headlines – but equally sharp crashes when sentiment turns.

Trump Media’s fundamentals: tiny revenue, large losses, huge asset stack

If you look past the memes and politics, DJT’s income statement and balance sheet are highly unusual.

Revenue and losses

2024 full year: Trump Media reported a net loss of about $400.9 million on just $3.6 million in revenue – more than 100 times more losses than sales – driven largely by stock‑based pay, legal costs and SPAC‑related expenses. ^[12]
Q1 2025: Revenue rose modestly to $821,200, with the quarterly loss narrowing and cash plus short‑term investments of around $759 million. ^[13]
Q3 2025 (latest reported):
- Revenue: $972,900 (down ~3.8% year‑on‑year)
- Net loss:$54.8 million, wider than the $19.2 million loss a year earlier
- Legal expenses: about $20.3 million in the quarter alone
- The company has never reported a GAAP‑profitable quarter. ^[14]

Unlike most social‑media peers, Trump Media does not regularly disclose key usage metrics like daily or monthly active users, which makes it harder for investors to model long‑term revenue potential. ^[15]

Balance sheet and financial assets

Here’s where things look very different from a typical early‑stage media startup:

As of 30 September 2025, Trump Media reported $3.1 billion in “financial assets”, including:
- Cash and restricted cash
- Short‑term investments
- Trading securities
- Digital assets, chiefly bitcoin and CRO
The company also highlighted positive operating cash flow for Q3 and year‑to‑date, largely due to income from its asset portfolio. ^[16]

Market data platforms estimate:

Trailing‑twelve‑month sales around $3.7 million
Trailing net loss of roughly $144 million
A price‑to‑sales ratio near 700–800x at current prices, which would be extreme for any media stock that didn’t have such a large investment portfolio behind it. ^[17]

In other words, DJT is almost two companies stacked together:

A loss‑making media platform with limited revenue and undisclosed user metrics.
A quasi‑investment vehicle holding billions of dollars of crypto and other financial assets.

That hybrid structure is a big reason the stock is so hard to value – and why its fate is tied to bitcoin and other digital assets as much as to Truth Social’s advertising business.

Crypto bets, Truth.Fi and prediction markets: the 2025 strategy pivot

A core theme of 2025 has been Trump Media’s pivot from pure media to crypto‑heavy fintech.

Massive bitcoin “treasury”

In mid‑2025, Trump Media announced that its bitcoin treasury purchases had reached about $2 billion, turning the company into one of the larger corporate bitcoin holders globally. Coverage from financial media and GlobeNewswire releases tracked how DJT’s share price spiked in response. ^[18]
Subsequent press materials describe a strategy of using options on bitcoin and related securities to generate income; by Q3 2025 the company reported $61.1 million in realized income year‑to‑date from digital‑asset strategies and interest on financial holdings. ^[19]

This effectively makes DJT partly a leveraged play on bitcoin’s price. The recent slide in bitcoin below $90,000 erased much of the year’s gains and coincided with DJT’s plunge to all‑time lows. ^[20]

CRO token and Crypto.com partnership

In Q3 2025 Trump Media announced an expansive partnership with Crypto.com:

It bought about 684.4 million CRO tokens for its balance sheet, funded by cash and new DJT shares.
It also helped form a separate digital‑asset treasury company focused on CRO, in which Trump Media holds a minority stake.
CRO is being integrated into Truth Social and Truth+ as part of a rewards and loyalty system. ^[21]

This deepens DJT’s reliance on two highly volatile assets – bitcoin and CRO – on top of its already speculative business model.

Truth.Fi and “America First” ETFs

Back in January 2025, Trump Media unveiled Truth.Fi, a financial‑services and fintech brand:

The board approved up to $250 million in investments via Charles Schwab, to be deployed into ETFs, separately managed accounts, bitcoin and other cryptocurrencies. ^[22]
Later press releases outline plans for “America First”‑themed equity ETFs and separately managed accounts, aimed at investors who want portfolios aligned with Trump‑branded politics. ^[23]

Truth+ and Truth Predict

Trump Media is also expanding its media footprint:

Truth+ streaming is now available across mobile, web and major TV platforms, with a subscription “Patriot Package” and partnerships with conservative outlets like Newsmax and GB News. ^[24]
Coming soon: Truth Predict, an embedded prediction‑markets product in partnership with Crypto.com’s derivatives unit, which would make Truth Social one of the first social platforms to integrate real prediction markets natively. ^[25]

These initiatives could create multiple revenue streams over time – but they also invite regulatory scrutiny, particularly around financial products, crypto and prediction markets in the U.S.

Meme‑stock DNA: politics, short squeezes and retail dominance

DJT has all the hallmarks of a modern meme stock:

High volatility and beta: Daily moves of 10–20% have been common since the SPAC merger. ^[26]
Elevated short interest and periodic short squeezes, with short sellers previously suffering hundreds of millions in mark‑to‑market losses when the stock surged into elections and crypto rallies. ^[27]
Heavy retail ownership and options speculation, confirmed by high options volume and the absence (until recently) of broad traditional analyst coverage. ^[28]
Price moves linked to politics: In 2024, Reuters described DJT as effectively a proxy for Trump’s election odds, with shares surging nearly 200% in the weeks leading up to his victory. ^[29]

Institutional investors are starting to appear – recent 13F data suggests big players like Vanguard and BlackRock added millions of shares in Q3 2025 – but the stock still trades more like a political and crypto sentiment gauge than a conventional media company. ^[30]

What external DJT stock forecasts say about 2025

Because DJT is so unusual, third‑party price predictions for 2025 are all over the map.

Short‑term quantitative models

Algorithmic and technical‑analysis platforms generally have a bearish short‑term stance:

One AI‑driven forecast tool (Intellectia) describes DJT as a “Strong Sell candidate”, expecting weak performance in the coming weeks based on negative technical signals, trend analysis, short‑sell data and pattern matching. ^[31]
Another quantitative site projecting one‑month moves estimates only a modest ~1–2% downside from mid‑November levels – basically calling for continued choppy trading rather than a dramatic move. ^[32]

2025 price‑target ranges

Forecasts for the full year 2025 span from mildly cautious to wildly optimistic:

A recent Benzinga analysis compiled various model‑based estimates and framed DJT as a high‑risk speculative equity. It cited a “bullish” scenario close to current prices, an “average” case around the high‑single digits and a “bearish” scenario in the mid‑single digits. ^[33]
Other model aggregators (like WalletInvestor, quoted in trading‑education sites) have published $15–$40 ranges, assuming moderate user growth and sentiment improvement. ^[34]
Some crypto‑centric sites earlier in 2025 projected DJT in the low‑ to mid‑20s under favorable conditions. ^[35]
At the extreme, one pattern‑based forecasting platform still lists an average 2025 price projection above $200 – implying more than 20x upside – based purely on historical pattern similarity, not fundamentals. ^[36]

Looking back at older 2024 research, some AI and sentiment‑driven models speculated DJT could hit $50–$75 by 2025 if Truth Social scaled rapidly. That clearly has not happened: instead of multi‑bagger gains, the stock is ending 2025 barely above $10. ^[37]

The big takeaway: price‑target models for DJT have been wildly unreliable, and often more reflective of assumptions and back‑tests than of business reality.

DJT stock forecast through the end of 2025: scenarios, not certainties

With only a few weeks left in the year, any DJT “forecast” through 31 December 2025 is really a short‑term scenario exercise. Here’s a balanced view based on current information.

Key drivers for the rest of 2025

Bitcoin and CRO price action
- DJT’s bitcoin and CRO holdings mean its equity effectively behaves like a leveraged, more volatile derivative of those assets. Another crypto leg down would likely keep pressure on the stock; a fast rebound could spark a relief rally. ^[38]
Execution of the $400 million buyback
- Trump Media’s board approved a $400 million share‑repurchase program in June 2025, financed separately from its bitcoin capital raise. ^[39]
- If the company is actively buying at current depressed levels, that could provide near‑term support. If buyback activity is slow or paused, the market may treat the authorization as empty signaling.
Regulatory and legal headlines
- Ongoing litigation related to the SPAC merger continues to generate heavy legal expenses. ^[40]
- Any new SEC, CFTC or banking‑regulator actions involving crypto, prediction markets or SPAC accounting could move the stock sharply.
Trump’s own stake and potential share sales
- Earlier this year, Trump’s revocable trust filed an S‑3 shelf registration to potentially sell roughly $2.3 billion in DJT shares over time. While that doesn’t mean sales are imminent, the possibility of insider selling is an ongoing overhang. ^[41]
Macro risk sentiment
- With a high beta and meme‑stock status, DJT tends to outperform in risk‑on bursts and underperform when markets de‑risk.

Base‑case view (most plausible short‑term path)

Given what we know today:

DJT is deeply in a downtrend, trading near all‑time lows and well below key moving averages.
Fundamentals (revenue and net income) are unlikely to change meaningfully before year‑end; the Q4 earnings report will arrive in 2026.
Crypto markets are currently under pressure, and sentiment around DJT’s bitcoin and CRO gambit has shifted from “clever treasury play” to “dangerous leverage.” ^[42]

That combination suggests a base case of continued high volatility in a relatively low trading range for the remainder of 2025 – think single‑digit to low‑teens prices, with occasional spikes on news, but no clear catalyst for a sustained, fundamentals‑driven rerating in the next few weeks.

This is not a precise price prediction; it’s a directional view that the path of least resistance is sideways‑to‑down, unless external forces (crypto or politics) swing sharply positive.

Bullish short‑term scenario (rapid rebound)

A more optimistic late‑2025 scenario would likely require several things to line up at once:

A sharp bitcoin and CRO rebound, lifting sentiment around Trump Media’s digital‑asset treasury.
Visible evidence that the $400 million buyback is being deployed aggressively, absorbing selling pressure at current levels. ^[43]
Positive regulatory or legal headlines (for example, favorable rulings in ongoing cases, or clearer rules around prediction markets that validate Truth Predict). ^[44]
No sign of large Trump‑trust share sales into the weakness.

In that scenario, DJT could snap back into the mid‑teens or higher quickly, especially if heavy short interest triggers a squeeze. But this would still be a speculative, sentiment‑driven rally, not a reflection of suddenly transformed fundamentals.

Bearish short‑term scenario (breaking support)

On the downside, risks include:

A deeper crypto sell‑off, forcing additional non‑cash write‑downs on the digital‑asset portfolio. ^[45]
Any hint that Trump or related entities intend to cash out significant DJT holdings soon. ^[46]
Regulatory moves that delay or restrict Truth.Fi products or prediction‑market launches. ^[47]
Continued negative coverage of losses and governance, reinforcing the narrative that 2025’s bitcoin gamble backfired.

In that environment, DJT could break decisively below the psychological $10 level, making new lows and potentially drifting toward high‑single‑digit prices, especially if liquidity dries up around the holidays.

Again, these are scenarios, not guarantees. DJT has already shown it can move faster and further than conventional valuation work would suggest.

Major risks to watch before investing in DJT

Regardless of time horizon, anyone considering DJT should be aware of several structural risks:

Execution risk in the core business
- Truth Social’s user base and engagement metrics are largely opaque, while big rivals like X and Meta continue to innovate. Trump Media hasn’t yet demonstrated a clear path to meaningful ad or subscription revenue. ^[48]
Crypto‑concentration risk
- The company’s bitcoin and CRO stakes introduce balance‑sheet volatility and tie DJT’s fate to crypto cycles. Non‑cash fair‑value swings already dominate reported earnings. ^[49]
Regulatory and legal risk
- Ongoing litigation from the SPAC process continues to cost tens of millions in legal fees per quarter, and new investigations into prediction markets or crypto ETFs could add fresh uncertainty. ^[50]
Governance and insider‑sale risk
- Trump’s trust still controls a large block of shares, and filings already exist that would allow multi‑billion‑dollar stock sales over time. Any sign of heavy insider selling could weigh on the stock. ^[51]
Extreme volatility and meme dynamics
- With high beta, heavy options trading and meaningful short interest, DJT is prone to sudden, news‑driven gaps up or down that can easily exceed 20–30% in a single day. ^[52]
Valuation uncertainty
- Traditional valuation tools (P/E, P/S) paint DJT as a speculative outlier, while the large financial‑asset portfolio complicates simple comparisons to other social‑media companies. Even professional analysts disagree sharply on fair value. ^[53]

How retail investors are approaching DJT

Public analysis and commentary suggest three broad camps among retail traders:

The “crypto‑leveraged” view – Treat DJT as a leveraged play on bitcoin and pro‑crypto policy, with Truth Social as upside optionality.
The “political proxy” view – Trade DJT tactically around Trump‑related headlines, elections and policy announcements.
The “fundamental skeptic” view – Short the stock or avoid it entirely, arguing that tiny revenues, high losses and crypto exposure don’t justify a multi‑billion‑dollar valuation.

Quant and fundamentals‑first platforms like Simply Wall St and several rating services currently emphasize valuation concerns and weak profitability, while also flagging the speculative appeal and balance‑sheet strength. ^[54]

For individual investors, the practical takeaway is that position sizing and risk management matter far more than precise price targets with a stock like DJT.

Bottom line: DJT’s 2025 outlook in one glance

By the end of 2025, DJT looks like:

A heavily speculative meme stock near all‑time lows.
A company with minimal operating revenue but massive financial assets, heavily exposed to bitcoin and CRO.
A media platform betting on streaming, fintech and prediction markets just as regulators are paying close attention.
A stock whose near‑term path depends more on crypto and politics than on quarterly ad sales.

For the remaining weeks of 2025, the most realistic expectation is continued volatility in a depressed range, with the potential for explosive moves if crypto sentiment, regulatory news or buyback execution surprises in either direction.

If you’re considering DJT:

Assume high risk and large price swings, in both directions.
Focus on how much you can afford to lose, not just potential upside.
Track crypto markets, buyback disclosures, and new filings or press releases from the company and regulators.

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