As a broad category, growth stocks have enjoyed some strong positive momentum during the past year -- but investors still have chances to build positions in promising players that trade at incredible discounts. With signals that favorable macroeconomic conditions might boost the market in 2024, now could be a great time to seize on these opportunities.

Backing solid companies that trade at relatively low earnings multiples could lead to explosive returns. With that in mind, read on for a look at three attractively valued stocks trading down more than 80% from their respective peaks that could bounce back and deliver incredible returns for investors.

(NASDAQ: STNE) is a top provider of payments-processing services for small and medium-sized businesses (SMBs) in the Brazilian market. While the company's payment-processing business has been serving up stellar growth during the past five years, the company hit a rough stretch after its lending business faltered and incurred massive losses.

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Source Fool.com