Business
The real reason the Afterpay (ASX:APT) share pirce is at a record high
The Afterpay Ltd (ASX: APT) share price has continued its positive run on Wednesday.
In afternoon trade the payments company’s shares are up 5% to a new record high of $159.50.
This latest gain means the Afterpay share price is now up an impressive 34% since the start of the year.
Why is the Afterpay share price racing higher?
Investors have been fighting to get hold of Afterpay shares this month thanks largely to a bullish broker note out of Bell Potter.
According to the note, the broker has retained its buy rating and lifted the price target on Afterpay’s shares to $168.50.
The broker made the move after looking deeper into the company’s collaboration with Westpac Banking Corp (ASX: WBC).
“CBA should be worried”
Bell…
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