It certainly has been a rough few months for growth investors. Global share markets have wobbled, tech stocks have tumbled, and many formerly high-flying names have fallen firmly out of favour.

But as seasoned investors know, volatility often creates opportunity — especially for those willing to take a long-term view.

Here are three ASX growth shares that analysts rate as buys that have taken a hit in recent months but could be well-positioned for a rebound in 2025. They are as follows:

Domino's Pizza Enterprises Ltd (ASX: DMP)

It has been far from a supreme year for Domino's. Underperforming stores and disappointing results have left a bad taste in the mouths of many shareholders. The ASX growth share is currently trading well below its recent highs and sentiment remains subdued.

But beneath the short-term mess, Domino's still runs a powerful, scalable business across Australia, Asia, and Europe. The company is focusing hard on improving franchisee profitability, boosting value perception, and resetting for more sustainable growth.

If it can execute on this plan, Domino's could prove to be a classic comeback story. And as inflation pressures ease and consumers regain confidence, pizza nights might be back on the menu in more ways than one.

Goldman Sachs is positive on the company's turnaround plans and has a buy rating and $37.30 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine shares are down over 30% from their highs, but 2025 could yet be a vintage year for the luxury wine maker.

The company is seeing strong demand — especially for its high-end Penfolds brand — and has made smart acquisitions like DAOU and Frank Family Vineyards to deepen its market share in premium and luxury categories.

Meanwhile, the long-awaited removal of Chinese tariffs on Australian wine has reopened a major growth market.

Analysts at Goldman Sachs are also bullish on this ASX growth share, highlighting its double-digit earnings growth outlook and attractive valuation compared to long-term average multiples.

The broker currently has a buy rating and $12.90 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX growth share that has been beaten down is WiseTech. Its shares have dropped around 40% from their 52-week high, weighed down by tech sector weakness and corporate governance noise following founder Richard White's agreement to step back as CEO.

But the core business — CargoWise — remains an undisputed leader in global logistics software. With major clients locked in, strong pricing power, and big expansion plans into adjacencies like customs and compliance, WiseTech still has the hallmarks of a world-class compounder.

While some product rollout delays have frustrated investors, the longer-term opportunity in digitising global trade remains massive. If management can stay focused and deliver on its roadmap, WiseTech may once again live up to its name in 2025 and beyond.

Bell Potter has a buy rating and $122.50 price target on its shares.