3 Growth Stocks Down 30% to Buy Right Now

Core Viewpoint - The current market presents opportunities to purchase high-quality stocks at discounted prices, particularly those that have experienced significant sell-offs, with a focus on three growth stocks that are down 30% or more. Group 1: DoorDash - DoorDash's share price has decreased approximately 38% from its peak in October 2025, primarily due to a backlash against high-multiple internet stocks and regulatory challenges in key markets like Seattle [4][6] - Despite the decline, DoorDash's revenue increased by 38% year over year in Q4 2025, reaching $29.7 billion, and earnings surged 51% year over year to $213 million [6] - The company's diversification into higher-margin businesses and the acquisition of Deliveroo present significant growth opportunities, making it an attractive buy [7] Group 2: ServiceNow - ServiceNow's stock has fallen nearly 50% from its record high last summer, driven by panic selling amid fears that AI will disrupt the SaaS business model [9] - The company has a market cap of $109 billion and a gross margin of 77.53%, with a current share price of $104.20 [10][11] - CEO Bill McDermott has publicly addressed concerns about AI's impact on software companies, asserting that enterprise AI will be a major driver of investment returns, and he has personally invested $3 million in ServiceNow stock [11][12] Group 3: Toast - Toast's shares have dropped 44% from their peak in August 2025, affected by the broader SaaS sell-off [14] - The company added 30,000 new restaurant locations in 2025, with a 26% year-over-year increase in annualized recurring run rate (ARR) to $2 billion, and profits tripled year over year in Q4 to $101 million [16] - Toast is expanding into new verticals and targeting international markets, with a low PEG ratio of 0.25 indicating an enticing valuation despite not being classified as a value stock [17]