The mgm stock price forecast remains positive amid solid debt restructuring moves, lowering interest expenses and freeing up cash for expansion into emerging gaming markets. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Large investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in MGM Resorts International during the 2nd quarter valued at about $25,000. Mascagni Wealth Management Inc. purchased a new position in shares of MGM Resorts International in the 4th quarter valued at $28,000. Golden State Wealth Management LLC grew its position in shares of MGM Resorts International by 83.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 455 shares during the last quarter. CX Institutional purchased a new position in MGM Resorts International during the 1st quarter worth $36,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of MGM Resorts International in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 68.11% of the company's stock. Macro tailwinds such as easing inflation and steady job growth feed into a robust mgm stock price forecast, with discretionary spending trends favoring entertainment and leisure services.
