If “be greedy when others are fearful” is a valid philosophy, which beaten down stocks look good?

For example, one of my holdings, Roblox, has been getting pounded consistently and down 60% in 2022. Investors seem to be afraid of this stock

Despite that, revenue grew 102% year over year and it's clearly a hit with kids, who are playing, and spending, more and more.
This last quarter featured an 18% increase in experiences where the majority of users were 13 and older, an important statistic for a company that runs the risk of losing users as they get older. With impressive growth metrics and a clear plan for keeping its users and expanding its offerings, Roblox could be a buy right now for investors looking to capitalize on the opportunities presented by the metaverse.

Now this is just one example, and obviously there is a big bearish sentiment, but when everybody goes one way, it sometimes pays to be a contrarian. And in a high-interest rate environment, tech stocks and growth stocks are going to get pounded. But if you're bullish about the metaverse, and I am, I see a tech platform that is growing exponentially with great engagement.