Growth stocks have been crushed over the last year, but just as they ran too high during the pandemic, they now seem to have fallen too far during the sell-off.

Valuations have crumbled, and investors have gone from thinking industries like e-commerce would have limitless growth to believing that they're dead. That sell-off has created a buying opportunity, and two stocks down big that look especially promising are Roku (NASDAQ: ROKU) and Shopify (NYSE: SHOP).

Here's a closer look at why each of these growth stocks holds significant long-term promise despite being down more than 50% over the past 12 months.

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Source Fool.com