Just noticed something interesting in the market right now. There are actually some solid growth stocks that are down right now by 30% or more, and honestly, the sell-off looks way overdone on a few of them.

Let me break down three that caught my attention.

First up is DoorDash. Yeah, the food delivery app everyone uses. The stock got hammered about 38% from its peak last year, mostly because of the general tech selloff and some regulatory issues in cities like Seattle. But here's the thing - their business is still running strong. Q4 revenue jumped 38% year over year to $29.7 billion, and earnings nearly doubled at $213 million. They've been diversifying too, moving into grocery and retail fulfillment, which has better margins. Plus they acquired Deliveroo, which opens up Europe for them. This is one of those stocks that are down right now that actually looks like a solid entry point.

Then there's ServiceNow. Not as flashy as DoorDash, but over 85% of Fortune 500 companies use their platform. The stock got absolutely crushed - down nearly 50% from its summer highs. Everyone's panicking about AI replacing SaaS companies. But their CEO Bill McDermott basically said that's not happening, and he's literally buying $3 million of the stock himself. I think he might be onto something. When insiders are buying instead of selling, that usually means something.

Third one is Toast. If you've eaten out recently, you've probably used their software without even knowing it. 112,000 restaurants are on their platform. Yeah, it's down 44% from August 2025 highs, hit by the same SaaS panic. But they added 30,000 new restaurants in 2025 alone. Their recurring revenue hit $2 billion annualized, up 26% year over year. Profits tripled in Q4 to $101 million. Restaurant owners aren't going to code their own AI solutions, so the idea that Toast is obsolete seems pretty far-fetched. The PEG ratio is 0.25, which is basically a steal.

The thing is, sometimes stocks that are down right now are down for the wrong reasons. Market sentiment shifts, people panic sell, and suddenly you've got quality companies trading at discounts. These three look like they could be in that category. Worth keeping on your radar if you're looking for beaten-down names with real business momentum underneath.