Shares of Affirm Holdings, Inc. (AFRM) are experiencing a significant surge, soaring 8.52% in Monday's trading session. This remarkable upward movement comes on the heels of a notable price target upgrade from a major Wall Street firm.

Barclays, a prominent investment bank, has raised its price target on Affirm from $45 to $53, representing a substantial increase in their valuation of the company. The firm has also maintained its Overweight rating on Affirm's stock, signaling continued confidence in the company's growth prospects and market position in the "buy now, pay later" sector.

This upward revision in Affirm's price target is being interpreted by investors as a strong vote of confidence in the company's business model and future potential. The significant price surge suggests that market participants are aligning their expectations with Barclays' more optimistic outlook, potentially setting the stage for continued positive momentum in Affirm's stock performance.