Despite some recovery momentum across 2023's first quarter of trading, most growth stocks still trade down massively from previous highs. That doesn't mean that investors can afford to go around buying risky stocks indiscriminately, but there are undoubtedly some great opportunities on the market right now. 

For investors willing to embrace potential volatility in the near term, building positions in strong companies that have seen big valuation pullbacks could have tremendous payoffs. If you're on the hunt for beaten-down growth stocks trading at prices that leave room for explosive long-term returns, here's why these two companies look like top buys this month. 

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Source Fool.com