4 Growth Stocks Down 20% or More to Buy Right Now

Core Viewpoint - The article discusses the potential of growth stocks that have recently experienced significant declines in value, presenting them as attractive investment opportunities for long-term portfolios [1][3]. Group 1: Market Overview - Growth stocks are appealing for investors aiming to achieve financial goals quickly, although some may prefer dividend-paying stocks [1]. - Recent market downturns have led to attractive valuations for certain growth stocks, with some companies experiencing share price drops of at least 20% over the past month [3]. Group 2: Company Analysis - Block (formerly Square): - The stock has fallen significantly, nearing its 2018 price, with a recent revenue growth of only 4.5% year over year, but earnings per share (EPS) increased by 51% [5][4]. - The Trade Desk: - Despite a 41% drop in stock price following a disappointing earnings report, the company reported a 22% year-over-year revenue increase and a 44% rise in non-GAAP income [6][7]. - The CEO acknowledged execution missteps but expressed optimism due to increasing ad placements in streaming services [8]. - Accenture: - This professional services giant has seen its stock decline nearly 20% over the past year, but it has a strong historical performance with annual gains of 16.5% over the past five years [10]. - Recent earnings showed a drop in new bookings growth, but the company is investing in new technology and has a growing dividend yield of 1.8% [11]. - MongoDB: - The company reported a 20% year-over-year revenue increase, with its cloud platform, Atlas, contributing 71% of the revenue [12]. - Concerns exist regarding customer spending in the current economic climate, but the company is investing in artificial intelligence [12][13]. Group 3: Investment Considerations - Each of the discussed companies presents potential for above-average gains in the long term, despite current market challenges [13]. - For investors uncertain about selecting individual stocks, exchange-traded funds (ETFs) focused on growth may be a viable alternative [13].