Just been looking at some growth stocks that are down right now, and honestly, the pullbacks on a few names look pretty overdone. When the market gets spooked, sometimes it throws out the baby with the bathwater.

Take DoorDash for example. Yeah, the stock got crushed - down about 38% from its peak. Everyone's talking about how internet stocks are out of favor, and sure, there were some regulatory headaches in Seattle and other places. But if you actually look at what the business is doing, it's firing on all cylinders. Revenue jumped 38% year over year, earnings up 51%. The company's moving beyond just food delivery too - grocery, retail fulfillment, and they picked up Deliveroo which opens up Europe. When you see growth stocks that are down right now but the fundamentals are actually strengthening, that's usually worth paying attention to.

ServiceNow is another one getting hammered. Down nearly 50% from last summer. Everyone's panicking about AI supposedly killing SaaS companies. But here's the thing - over 8,800 businesses including 85% of Fortune 500 companies depend on their platform. The CEO basically called out the panic on the earnings call, and he's backing his conviction by buying $3 million of his own stock. That's the kind of signal I watch for. When insiders are loading up instead of selling during weakness, it tells you something.

Then there's Toast. The restaurant software play took a 44% hit. Same SaaS doom narrative. But restaurants aren't exactly rushing to build their own AI apps to run their business - that's not happening. Toast added 30,000 new restaurant locations in 2025, recurring revenue jumped 26%, and profits tripled in Q4. They're expanding into new markets, going international. The valuation metrics look really reasonable when you factor in the growth trajectory.

The pattern I'm seeing is that some growth stocks that are down right now are down for emotional reasons, not fundamental reasons. Market sentiment shifted, money rotated, and suddenly everything got sold indiscriminately. But if you dig into the actual business performance, some of these setups look pretty compelling for patient investors. Obviously do your own research, but these are names worth keeping on your radar when you're hunting for opportunities in beaten-down growth sectors.