Growth stocks have been pummeled this past year by an onslaught of unfavorable macroeconomic conditions including inflation and rising interest rates. But the tough times won't last forever.

While it's impossible to say exactly when the next bull market will kick off, history has shown again and again that the market always bounces back, even from the most challenging periods. Crucially, investors who back the right companies in the midst of bearish conditions tend to enjoy tremendous returns down the line.

With that in mind, read on for a look at one top growth stock down roughly 60% from its high that's worth owning for the long haul.

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Source Fool.com