Nvidia plans to launch several new chips that could improve its fortunes.

Meta Platforms trades at a bargain price with a still-huge global user base for its social media platforms.

Moderna hopes to market its COVID-19 vaccines in China and achieve success with its omicron boosters.

Analysts remain very bullish about these former big winners.

Down but not out. That old adage applies to many one-time high-flying growth stocks.

Some stocks have taken it on the chin more than others. But some also could rebound more strongly, too. Here are three beaten-down stocks that could soar from 58% to 88%, according to Wall Street.

1. Nvidia: New chips on the way

Nvidia is a former rising star that's crashing and burning this year. Shares of the graphics chipmaker have plunged close to 55% so far in 2022. Macroeconomic issues and a cryptocurrency crash combined to pull the stock down.

Analysts don't appear to be overly worried about any of these challenges, though. The average price target for the stock is nearly 51% higher than Nvidia's current share price.

Nvidia CFO Colette Kress noted in the Q2 conference call that the company has several launches of next-generation superchip platforms on the way soon. Nvidia also recently launched an update to its NeMo Megatron artificial-intelligence framework that can increase the speed of training large language models by as much as 30%.

Wall Street likely expects positive results from these launches. Analysts also recognize that Nvidia operates in a cyclical market. The current downturn won't last forever.