5 Beaten-Down Growth Stocks to Buy Now

By Eric Cuka – Aug 28, 2022 at 2:00PM

NASDAQ: MELI

MercadoLibre

Market Cap

$86B

Today's Change

(-1.88%) -$32.44

Current Price

$1,693.14

Price as of June 3, 2024, 4:00 p.m. ET

These five growth stocks, down between 55% and 80% from their highs, have tremendous upside potential.

Today, I cover 5 beaten-down growth stocks to buy now that are attractive at these prices and lower for long-term investors. I used twelve specific criteria to sift through hundreds of growth stocks, then narrowed it down to my favorites, such as MercadoLibre (MELI -1.88%), which is down over 50% from its highs. Please watch the video below for 4 additional stock picks, commentary for each stock, valuation metrics, and more. Also, don't forget to subscribe to the channel for future updates.

*Stock prices used in the below video were during the trading day of August 26, 2022. The video was published on August 26, 2022.

Eric Cuka has positions in Digital Turbine, MercadoLibre, Snowflake Inc., Toast, Inc., and Twilio. The Motley Fool has positions in and recommends MercadoLibre, Opendoor Technologies Inc., Snowflake Inc., and Twilio. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.