Woofun AI reports that Morgan Stanley increased its price target for Micron (MU.O) from $1,050 to $1,200, retaining an "overweight" rating. The firm raised its fiscal year 2027 earnings per share estimate by approximately 40% to $168 and lifted free cash flow projections from $104 billion to $140 billion.

The bank aligns with Micron management, asserting that AI will cause DRAM demand to significantly outstrip supply after 2027. Recent quarterly results support this outlook, indicating substantial potential for further improvement in current performance and future prospects.