UFP Technologies price target raised to $344 from $300 at Lake Street

Lake Street raised the firm’s price target on UFP Technologies to $344 from $300 and keeps a Buy rating on the shares after the company announced it was acquiring AJR Enterprises, a developer and manufacturer of single-use safe patient handling systems, for $110M in cash. The AJR purchase “checks all the boxes” and the firm believes UFP remains active in evaluating other M&A targets and would not be surprised to see another announcement later this year, the analyst tells investors. The firm continues to expect a “solid Q2 print” and still thinks UFP is on a path to drive to $9 in GAAP EPS in 2026 and $10-plus in 2027, the analyst added.