[Morgan Stanley: Raises Micron's target price to $1,200, maintains 'Overweight' rating] BlockBeats news, on June 25, Morgan Stanley released a report raising the target price of Micron Technology (MU.O) from $1,050 to $1,200, while maintaining an 'Overweight' rating. The firm increased its fiscal year 2027 earnings per share forecast by approximately 40% to $168 per share and raised its free cash flow forecast from $104 billion to $140 billion. Morgan Stanley aligns with Micron's management in believing that AI will drive DRAM demand to significantly exceed supply after 2027. Micron's performance in the last fiscal quarter aligns with this trend, with both quarterly results and outlook showing significant upside potential.