1 Growth Stock Down 22% to Buy Right Now

Amazon (NASDAQ: AMZN) investors have been on a bit of a roller-coaster ride in recent years. The company's stock hit record heights in 2021 as COVID-19 lockdowns made its e-commerce site the go-to for homebound consumers everywhere. However, an economic downturn in 2022 saw the company's shares plunge, losing everything gained the year before.

The retail giant delivered an impressive turnaround in 2023, with its stock up about 75% over the last 12 months alongside significant earnings growth. However, shares remain down from their high achieved in 2021 (as seen in the chart below), suggesting it could still have much to offer new investors.