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Benzinga
Benzinga
Business
Melanie Schaffer

Is Advanced Micro Devices Headed For Gap Fill Or Will This Bearish Pattern Dominate?

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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