If you've got $5,000 you can afford to invest for at least a few years, there are a couple of beaten-down growth stocks you should consider buying right now. Align Technology (NASDAQ: ALGN) and Meta Platforms (NASDAQ: META) are down big this year, and while both companies are facing adversity right now, investors shouldn't count them out. Both stocks could be great buys at their current prices. Here's why.

Medical device company Align Technology makes the popular Invisalign clear teeth aligners. Last year, the company experienced terrific growth with sales rising an impressive 60% year over year nearly $4 billion. But a slowdown in the economy, rising inflation, and too much exposure to foreign exchange rates have negatively weighed down Align's growth this year.

In its most recent quarter for the period ending Sept. 30, net revenue declined 12% year over year to $890.3 million. The company says foreign exchange had a negative impact of $57.4 million when compared to the prior-year period, in what the company says was "one of the largest quarterly foreign exchange impacts in our history." More than half (55%) of the company's revenue comes from outside the U.S. market.

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Source Fool.com