1. The S&P 500 is hitting new all-time highs, but some growth stocks are still below their peaks, offering long-term potential for investors. Shopify is down 33% from its high in 2021, but its sales have doubled since then, showing promise for future growth.
2. Global-E Online, a crossborder e-commerce platform, is 59% below its all-time high. With operations in over 200 countries and growing revenue, it presents a compelling investment opportunity as crossborder sales are expected to outpace regular e-commerce growth.
3. DLocal, a payment processing company, is down 84% from its peak. Despite a lower net profit margin, the company is strategically positioning itself for long-term growth by offering value to major customers like Amazon and Spotify, setting the stage for future profitability.
4. Nu Holdings, a digital bank serving millions across Latin America, is down 18% from its high. With growing average revenue per customer and expansion opportunities in new markets, the company is poised for continued growth and profitability in the digital banking sector.
5. Duolingo, a language-learning app, is down 30% from its peak after rapid growth post-IPO. The company’s focus on expanding its offerings and improving margins indicates potential for future growth, making it an attractive investment opportunity for those looking for long-term growth stocks.
6. Wingstop, a popular Buffalo wing franchiser, is 23% below its all-time high. With plans to expand globally and a track record of consistent same-store sales growth, the company has the potential to deliver strong returns for investors in the future.
7. Dutch Bros, a handcrafted beverage chain, is 25% below its peak. With plans to expand its store count and reach new markets, the company is well-positioned for growth as it continues to build on its reputation for customer service and value.
8. UFP Technologies, a contract development and manufacturing organization, is 30% below its all-time high. With a focus on niche medical device manufacturing and a strategy of acquiring complementary technologies, the company is poised for continued growth and success in the healthcare industry.
9. The Trade Desk, an ad-buying platform, is down 46% from its peak. Despite a recent earnings miss, the company’s focus on high-growth areas like connected TV and international markets indicates potential for future growth and market share expansion.
10. ASML, a leading lithography company, is 27% below its all-time high. With a dominant market share in advanced lithography processes and a growing semiconductor industry, the company is well-positioned to capitalize on the ongoing AI boom and drive long-term growth for investors.

Read more at Nasdaq: 10 Growth Stocks Down 10% or More to Buy Right Now