Here's My Top Growth Stock to Buy in 2022

I always ensure my investment portfolio has several growth stocks. While the bulk of my holdings consist of dividend-paying companies that yield a steady stream of passive income, the growth component contributes to stronger returns over time. There are dominant businesses out there riding tailwinds and important trends that can enable long-term growth.

Thanks to the pandemic, cloud computing, online payments, and social media have become big winners in the last two years as the world flocks onto the digital bandwagon. PayPal (NASDAQ: PYPL), a financial-technology company with a payments platform connecting vendors and customers, has been one of the biggest beneficiaries of the growing number of people transacting and interacting online.

But the payment-portal provider's shares declined just under 20% in 2021 as investors become wary of ballooning growth stock valuations. The company is currently worth around $222 billion, but I believe there are many reasons why PayPal could eventually be a trillion-dollar stock.

Source Fool.com