Shares of UFP Technologies Inc (UFPT) are skyrocketing in intraday trading, surging by an impressive 32.05% to $242.00. This remarkable rally puts the stock on track for its most significant single-day percentage gain since March 3, 2010, when it rose 32.23%. The current surge extends a three-day winning streak that has seen the stock climb by a cumulative 30.61%.

The dramatic upswing comes as Lake Street analyst Jaeson Schmidt reaffirmed a Buy rating on UFP Technologies, signaling continued confidence in the company's prospects. This positive analyst sentiment appears to be fueling investor enthusiasm, driving the stock to levels not seen since late July 2025. Intraday trading saw UFPT shares reach as high as $264.00, marking the highest intraday level since February 26, 2025.

Despite the day's gains, UFP Technologies' stock remains down 32.48% from its all-time closing high of $358.42 achieved on September 20, 2024. Year-to-date, the stock had been down 1.03% before today's rally, potentially reversing its course for 2025. Investors will be closely watching to see if this momentum can be sustained and if it signals a broader turnaround for UFPT after a challenging period that saw the stock drop 30.12% from its 52-week high set in November 2024.