Woofun AI reports that Morgan Stanley has elevated Micron Technology's price target from $1050 to $1200 while retaining an "Overweight" rating. The bank increased its 2027 earnings per share projection by approximately 40% to $168 and raised free cash flow expectations from $104 billion to $140 billion. Analysts assert that AI-driven DRAM demand will continue to exceed supply beyond 2027, a view supported by Micron's recent quarterly results and outlook.