3 Growth Stocks Down 30% to Buy Right Now

By Rick Munarriz – Mar 16, 2026 at 8:08AM ESTKey PointsMercadoLibre, Dutch Bros, and Lululemon are down 36%, 39%, and 55%, respectively, from their recent highs.MercadoLibre hit a 52-week low last week, as profitability is lagging its stellar top-line gains.Dutch Bros has grown its comparable-store sales for 19 consecutive years. There are plenty of quality stocks on sale these days. You probably know that just by sizing up your own portfolio. There's often a kernel of truth to every markdown, but sometimes the pessimism gets overdone. MercadoLibre (MELI 1.24%), Dutch Bros (BROS 1.87%), and Lululemon (LULU 0.21%) are trading more than 30% below their recent highs. They are well positioned to bounce back, making them stocks to consider buying now. Image source: Getty Images. 1. MercadoLibre: down 36% Latin America's leading player in e-commerce and fintech hit a 52-week low last week. That doesn't seem fair, considering MercadoLibre has delivered revenue growth of at least 37% for seven consecutive years. The 45% top-line jump it recently posted in the fourth quarter represents back-to-back reports of acceleration. You can knock MercadoLibre stock in a market downturn, but it doesn't stay that way for long. MercadoLibre has a long track record of growth. The bottom line is growing even faster, but it can be erratic. Its profitability stumbled in its latest quarter, with operating expenses spiking 50%, but historically those blips have been temporary. ExpandNASDAQ: MELIMercadoLibreToday's Change(-1.24%) $-20.77Current Price$1659.23Key Data PointsMarket Cap$85BDay's Range$1646.83 - $1695.0052wk Range$1631.18 - $2645.22Volume60Avg Vol589KGross Margin44.50% The stock may not seem cheap, trading for 30 times this year's earnings and less than 22 times next year's profit target. There's also some degree of uncertainty at the helm, as co-founder Marcos Galperin stepped down in January. There is comfort, however, in knowing that new CEO Ariel Szarfsztejn has been a MercadoLibre executive for almost a decade. He was the architect of MercadoLibre's logistics business. The market isn't buying it right now, but you can. The long-term market investments that it's making now -- and the promotional efforts to fend off e-commerce competition in Brazil -- will pay off in the future. Picking up MercadoLibre at its lowest level since the summer of 2024 seems opportunistic. ExpandNYSE: BROSDutch BrosToday's Change(-1.87%) $-0.90Current Price$47.27Key Data PointsMarket Cap$6.0BDay's Range$47.08 - $49.1052wk Range$46.52 - $77.88Volume109Avg Vol4.8MGross Margin25.68% 2. Dutch Bros: down 39% There are plenty of retail food and beverage chains struggling these days. Dutch Bros isn't one of them. Last month, the company reported 29% revenue growth in its latest quarter. It was a blowout quarter. In an era when consumers are clutching their disposable income, Dutch Bros isn't having any trouble growing its business. Comparable-store sales have now risen for 19 consecutive years. This impressive run is still going strong. Expansion played a big part in the beverage chain's top-line jump, but average store-level sales rose 7.7% in its latest quarter. This isn't a bottom-line story just yet, but net income did more than quadruple in the fourth quarter. The big takeaway here is that Dutch Bros has its pulse on the retail beverage market, particularly the young consumers drawn to the chain's wide variety of sugary drinks. At a time when traditional coffee-brewing baristas are struggling, Dutch Bros is cultivating an audience that may stay true to the rising brand for several more decades. Buying the stock on the dip sounds like another great way to quench your thirst for growth. ExpandNASDAQ: LULULululemon Athletica Inc.Today's Change(-0.21%) $-0.33Current Price$157.86Key Data PointsMarket Cap$19BDay's Range$156.66 - $159.3852wk Range$156.64 - $348.50Volume278Avg Vol3.1MGross Margin58.35% 3. Lululemon: down 55% The athleisure specialist didn't just hit a 52-week low on Friday. Lululemon hit a five-year low. Unlike MercadoLibre and Dutch Bros, Lululemon isn't posting double-digit revenue growth right now. The seller of premium yoga gear has delivered single-digit top-line growth in five of its last six quarters. But revenue growth isn't the real problem here. There's no sugar-coating the situation: Analysts expect profitability to decline slightly in the fiscal year that recently ended and the one ahead. Margins are contracting, too, but the modest sales rise should continue through the lull. The good news is that the stock is still cheap as you wait for the bottom-line turnaround. It's trading for 12 times trailing earnings and less than 13 times next year's analyst target. Read NextMar 16, 2026 •By Marc GubertiThe Smartest Dividend Stock to Buy With $3,000 Right NowMar 16, 2026 •By Lawrence Rothman, CFAChewy Is Down 23% in 2026. Is This a Once-in-a-Lifetime Buying Opportunity?Mar 16, 2026 •By Sean WilliamsBillionaire Dan Loeb Slashed Third Point's Stake in Amazon and Piled Into This Consumer-Facing Stock That's Gained 3,750% Since Its IPOMar 16, 2026 •By Geoffrey SeilerDirt Cheap Stocks to Buy With $1,000 Right NowMar 16, 2026 •By Geoffrey SeilerThe Smartest Growth Stock to Buy With $10,000 Right NowMar 16, 2026 •By Neil PatelThe Best 4 Retail Stocks to Buy and Hold for DecadesAbout the AuthorRick Munarriz is a contributing Motley Fool stock analyst and long-time contributor to the company’s free offerings and premium investing services, including Rule Breakers and Supernova. He has analyzed stocks across media and entertainment, retail and restaurants, and emerging technologies for The Motley Fool for 30 years. Rick holds an MBA from the University of Miami, once traveled the country with his band Paris By Air, and on weekends he can be seen on stage at Just The Funny theater in Miami as an improv comedy performer and co-owner. He is a regular guest on CNBC, Fox Business, BBC, and NPR for his expert stock analysis. He lives with his family in Miami and Celebration, Florida.TMFBreakerRickX@marketStocks MentionedLululemon Athletica Inc.NASDAQ: LULU$157.86(-0.21%)-$0.33MercadoLibreNASDAQ: MELI$1,659.23(-1.24%)-$20.77Dutch BrosNYSE: BROS$47.27(-1.87%)-$0.90*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.