Business
Here’s why the Afterpay (ASX:APT) share price is storming 6% higher today
The Afterpay Ltd (ASX: APT) share price is on course to end the week on a very positive note.
Earlier today, the payments company’s shares were up as much as 6% to $159.28. That left the Afterpay share price trading within a whisker of its record high of $160.05.
However, if one leading broker is correct, it may not be long until the Afterpay share price smashes through its record high and ascends even higher.
Why is the Afterpay share price racing higher?
Investors have been fighting to get hold of Afterpay shares on Friday after it was the subject of yet another bullish broker note.
According to a note out Morgan Stanley, its analysts have retained their overweight rating and lifted their price target on its shares by 25% to…
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