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…