Skyrocketing stocks are probably not on the minds of many investors at this juncture. Many onetime highfliers have lost most of their value, and some of these stocks may still need to find a bottom.

But that massive decline could form a base from which the growth stocks of tomorrow can skyrocket. Pinterest (NYSE: PINS), Dutch Bros (NYSE: BROS), and Shopify (NYSE: SHOP) exhibit such potential.

One of the stocks that has fallen by 75% from its high is Pinterest. It benefited in the early days of the pandemic as more and more users spent time on the site during lockdowns. But as that trend reversed, monthly active user levels stagnated, and investors turned on the stock.

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Source Fool.com