It's been a rough 16 months or so for many growth stocks. Many COVID-19 pandemic darlings saw high inflation, rising interest rates, and economic anxiety come in and turn on the lights in the party. However, this recent bear market could be a great buying opportunity for investors looking for beaten-down growth stocks.

If you have $5,000, consider these two growth stocks that could make great long-term investments.

After being a huge beneficiary of the mid-2020 bull market, PayPal (NASDAQ: PYPL) has since seen its stock price slashed by over three-fourths, bringing it down to 2017 levels. Part of this is a byproduct of the broader declines seen across many industries (especially fintech), but part is also because of investor fears over broader economic conditions.

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Source Fool.com