Growth stocks of all descriptions were beaten mercilessly over the past year thanks to a tsunami of unfavorable economic conditions. But the important thing to remember at times like these is that the losses won't last forever.

We can't say for sure when the next bull market will begin, but we know that every market downturn in history has been wiped away by subsequent recoveries. With this in mind, investing in great businesses while a generally depressed market applies pressure to their stock prices could lead to enormous gains over the long run.

One exceptional growth stock investors want to consider buying now is down around 69% from its all-time high. Here's why those who buy now and hold on for the long run could receive market-beating gains.

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Source Fool.com