10 Best Beaten Down Stocks to Buy According to Analysts

6. Crane NXT, Co. (NYSE:CXT)

Stock Price as of March 21: $52.97

Average Upside Potential: ~40%

52-week Low: $52.02

Number of Hedge Fund Holders: 27

Crane NXT, Co. (NYSE:CXT) operates as an industrial technology company offering technology solutions to secure, detect, and authenticate customers’ important assets. Analysts at DA Davidson reiterated a “Buy” rating on the company’s stock, with a price objective of $100.00. They remain optimistic regarding its potential for strong earnings growth, thanks to its healthy balance sheet and FCF. Also, Baird analysts upped Crane NXT, Co. (NYSE:CXT)’s price target to $85.00 from $76.00, maintaining an “Outperform” rating. Notably, both firms highlighted the potential for the company’s M&A activities to fuel future growth.

Crane NXT, Co. (NYSE:CXT) reached a record-high backlog in Crane Currency during 2024, and in CPI, it delivered mid-single-digit growth excluding gaming. The company has significantly increased its leadership in the authentication market, with OpSec integration progressing as anticipated and the acquisition of De La Rue Authentication Solutions on track to close in Q2. Crane NXT, Co. (NYSE:CXT) announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. The addition of this technology to the company’s product portfolio expands its capabilities and further enhances its ability to offer differentiated and innovative technology solutions.

Conestoga Capital Advisors, an asset management company, released its Q4 2024 investor letter. Here is what the fund said:

“Crane NXT, Co. (NYSE:CXT) is a leading provider of trusted technology solutions to secure, detect, and authenticate its customers assets. Crane NXT’s roots go back to 1801 when Zenas Crane founded the Crane Paper Company in Dalton, MA. CXT has numerous technologies and segments that revolve around security and detection. CXT works with over 50 central banks to provide security for their currency and has been the US’s sole supplier of currency paper since 1879. CXT also secures and authenticates consumer goods, passports, and digital content. CXT provides technology and hardware solutions to authenticate payment transactions. Altogether, we believe CXT is a 5- 7% organic revenue growth company with margin expansion that yields double-digit EBTIDA growth.”