3 Stocks Down by 40% to 76% That Could Turn $200,000 Into $1 Million by 2032

Buying stocks that have fallen drastically from their peaks is occasionally compared to trying to catch a falling knife: You could get hurt very easily. Oftentimes, these companies are falling for justifiable reasons -- perhaps their growth is slowing or a competitor just ate their lunch. In 2022, however, it seems there are several companies that are thriving but are still experiencing steep share price declines.

Block (NYSE: SQ), Datadog (NASDAQ: DDOG), and Coupang (NYSE: CPNG) all match this description and all are established leaders in their particular spaces. Each has a pattern of success, and if they maintain their dominance, their stock prices should bounce back. As such, today's discounted stock prices seem to present optimal buying opportunities. Your future self might thank you in 10 years for buying these three stocks that each have five-fold growth potential.

Source Fool.com