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Benzinga

Business

Melanie Schaffer

BIZARRE: Is advanced micro devices headed for gap fill or will this bearish pattern dominate - You Need To See This

AMD Nasdaq Joseph Moore

Advanced Micro Devices, Inc. (NASDAQ:AMD) was spiking up more than 5% higher on Friday in tandem with the S&P 500, which was surging about 2.5% higher.

On Wednesday, Morgan Stanley analyst Joseph Moore reinstated an Overweight rating on AMD with a price target of $103. The price target suggests about a 19% increase from the stock’s current share price.

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