3 Growth Stocks Down 30% to Buy Right Now

DoorDash, ServiceNow, and Toast have all seen significant share price declines, but these beaten-down stocks could be smart buys.

Published on Feb. 23, 2026

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The article discusses three growth stocks - DoorDash, ServiceNow, and Toast - that have seen their share prices plummet by 30% or more, but the author believes these stocks are still worth buying. The article cites the companies' strong business fundamentals and growth prospects as reasons why investors should consider these stocks despite the recent sell-offs.

Why it matters

The article highlights how the broader market sell-off of high-growth tech and internet stocks, often referred to as the "SaaSpocalypse", has impacted these three companies. However, the author argues that the sell-offs appear overdone and that these stocks present attractive buying opportunities for investors willing to look past the short-term volatility.

The details

DoorDash's business continues to perform well, with revenue and earnings growth of 38% and 51% respectively in Q4 2025. The company's diversification into higher-margin businesses like third-party retailer fulfillment services is seen as a positive. ServiceNow, a leading enterprise workflow platform, has been impacted by fears that AI will disrupt the SaaS business model, but the company's CEO has pushed back on these concerns. Toast, a provider of software and services to the restaurant industry, has also seen its share price plummet 44% from its peak, but the company continues to add new restaurant locations and grow its annualized recurring revenue.

  • DoorDash's share price has plunged roughly 38% from its October 2025 peak.
  • ServiceNow's share price is now nearly 50% below its record high achieved last summer.
  • Toast's shares have plummeted 44% from their August 2025 peak.

The players

DoorDash

An American company best known for its app that allows users to order food from restaurants and have it delivered to their door. DoorDash has also expanded into supporting orders from grocery stores and retailers.

ServiceNow

A company that provides an AI-powered enterprise workflow platform used by over 8,800 businesses, including more than 85% of the Fortune 500.

Toast

A company that provides software and services to the restaurant industry, including point of sale, payments, digital ordering, marketing, and more. 112,000 restaurants use Toast's platform.

Bill McDermott

The CEO of ServiceNow, who has addressed concerns about AI disrupting the SaaS business model and has bought $3 million of ServiceNow stock.

Arthur Mensch

The CEO of Mistral AI, who predicted that "more than half of what's currently being bought by IT in terms of SaaS is going to shift to AI".

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What they’re saying

“The speculation of AI will eat software companies is out there. Let's clear it up with the facts. Enterprise AI will be the largest driver of return on the multitrillion-dollar super cycle of investment in AI infrastructure.”

— Bill McDermott, CEO of ServiceNow (ServiceNow's Q4 earnings call)

“More than half of what's currently being bought by IT in terms of SaaS is going to shift to AI.”

— Arthur Mensch, CEO of Mistral AI (N/A)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.