Trump's Newly Listed DJT 'Doesn't Deserve This Valuation,' Says Expert: 'In Any Other World...This Would Be A Penny Stock'
Portfolio Pulse from Benzinga Neuro
Financial commentator Herb Greenberg criticized the valuation of Trump Media & Technology Group Corp (NASDAQ:DJT), suggesting it should be a penny stock if not for Trump's name. He highlighted the company's overhyped status and predicted its stock might fall below its current valuation without significant changes. The company's public debut has been controversial, marked by skepticism and legal challenges.
March 27, 2024 | 9:46 am
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Trump Media & Technology Group Corp's valuation criticized by Herb Greenberg, predicting a potential fall in stock price due to overhyped status and legal challenges.
Greenberg's critique, based on the company's overhyped status and legal challenges, suggests a negative outlook for DJT's stock. Given the public skepticism and the company's controversial debut, investor confidence might wane, leading to a potential decrease in stock price.
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