3 Growth Stocks Down 21%, 22%, and 28% to Buy in December

Group 1: Adobe - Adobe's stock has fallen 22% year to date despite a strong performance in the broader market, with fiscal 2024 revenue increasing by 10.8% to an all-time high and a gross margin of 89% [2][3] - Fiscal 2025 is projected to be even better, with non-GAAP earnings per share guidance of $20.20 to$20.50, resulting in a forward price-to-earnings ratio of 23 based on the low end of guidance [3] - Concerns exist regarding Adobe's ability to monetize AI tools, as current updates have not yet led to significant sales growth, and competition may impact subscription revenue [4][5] Group 2: Fluence Energy - Fluence Energy reported strong fourth-quarter 2024 results, but shares fell over 25% due to missing revenue estimates, with Q4 revenue at $1.23 billion against an expectation of$1.29 billion [9][11] - The company generated $72 million in free cash flow for fiscal 2024, a significant improvement from a negative$115 million in 2023, and ended the year with a backlog of $4.5 billion, up 55$51 billion in 2024 to $100 billion in 2029, indicating a substantial market opportunity for Fluence [14] Group 3: GXO Logistics - GXO Logistics' recent share price decline is attributed to a report indicating the company will remain independent, which has cleared out speculative investors [15] - The company is well-positioned for growth as capital spending on e-commerce fulfillment is expected to improve significantly in 2025 and beyond, with management targeting 10% annual revenue growth and 15% annual adjusted EPS growth from 2024 to 2027 [16][18] - E-commerce spending is recovering, and with anticipated lower interest rates, demand for e-commerce capacity is expected to accelerate, making GXO an attractive growth stock trading at less than 18 times expected 2024 earnings [18]