Can Trump Media & Technology stock prices double? What impact will the next president's inauguration have?

If Mr. Trump's victory in the next presidential election is confirmed, his media company, Trump Media & Technology Group (NASDAQ: DJT), may attract attention. The social media platform operated by the company, 'Truth Social,' is predicted to see increased demand, especially from his supporter base, as a platform where Mr. Trump directly sends messages.
However, in a situation where major players like Meta's Facebook and Elon Musk's X (formerly Twitter) dominate the market, there are doubts about whether Truth Social can compete with the competition. In the short term, it is expected that the stock price will continue to fluctuate due to Mr. Trump's statements and news cycles, but there are also cautious views on aiming for stable growth that could double.

Truth Social, operated by Trump Media & Technology Group, has built a foundation for growth by actively using it as a platform for Mr. Trump's messages. However, in the U.S. market, Meta's Facebook and Instagram, as well as X (formerly Twitter) led by Elon Musk, boast overwhelmingly high numbers of users. Meta has over 3 billion active users, while Snapchat also attracts over 0.4 billion users daily. In this market environment, for Truth Social to rise, it is essential to demonstrate unique added value. However, as of now, there is no specific disclosure of the number of users, and its presence remains thin.
Furthermore, the situation where X dominates the news app rankings in app stores is also disadvantageous for Truth Social. Many users sensitive to election-related news visit X to quickly access live information. In a market where major platforms hold the share, how Truth Social can increase its presence will be a future challenge.

The stock price of Trump Media & Technology has been sensitive to Mr. Trump's election campaigns and societal trends, undergoing significant fluctuations. After its debut, there were alternating rises and sharp declines, with temporary increases observed during the election period, followed by a subsequent decline. Particularly in July, there was a rise following an attempted assassination incident, but has since continued to decline without showing sustained growth.
These unstable stock price trends suggest a strong dependence on the influence of individual Trump. According to 24/7 Wall St., Trump is expected to continue to be a target for short-term trading to aim for profits, with limited expectations for long-term growth. In other words, because Trump's statements and actions are directly reflected in stock prices, there are doubts about the stability of investment targets. As stocks that are easily influenced by politics and news, investors are required to proceed with caution.

If Trump is re-elected as president, there is a possibility that the attention on Truth Social will increase, but it is unclear whether this will directly lead to a doubling of stock prices. While Trump's presidency is predicted to promote the use of Truth Social, the position remains vulnerable compared to the influence and reach of current major SNS.
To be optimistic about the future of Trump Media, it is essential for Truth Social to demonstrate uniqueness and new market value, and strategic measures for further user acquisition will be key. As indicated by 24/7 Wall St., it is wise for investors to consider other investment opportunities with prospects for stable growth.