Affirm Holdings Inc. rallied about 16% in after-hours and pre-market trading on Thursday, climbing to roughly $94, after Citizens JMP Securities boosted its 12-month price target to $105 from $75 while reiterating a Market Outperform rating. The brokerage said sustained execution, broadening adoption of buy-now-pay-later services, expanding operating leverage and a stable consumer backdrop are driving growth that is exceeding its previous expectations. The sharp move spurred brisk options activity, with traders reporting near tripled returns on call-spread positions as the stock approached the $100 level.