3 Unstoppable Growth Stocks Headed for Ultimate Returns in 2022

If you want growth stocks, these can provide it not just for this year, but perhaps years and decades to come. And each still offers dividends!

money cash dividends

Image source: Getty Images

Growth stocks have gotten a bad rap in the beginning of 2022. Many fell to 52-week lows as Motley Fool investors and others looked for stable returns from passive income stocks. However, not all growth stocks are created equal.

In fact, this year there are growth stocks that should see massive returns in 2022. So let’s look at three you may want to consider today.

Waste Connections

Waste Connections (TSX:WCN)(NYSE:WCN) recently received a boost from one analyst recommending the company for solid performance in 2022. There were several reasons behind this. Waste Connections isn’t affected by inflation or supply-chain risks, it was durable even during the pandemic, and it continues to grow through acquisitions and investments.

Therefore, Waste Connections is a safe, solid company among growth stocks for Motley Fool investors. Furthermore, it offers a dividend of 0.67% as of writing. While I wouldn’t call it valuable at these levels, it certainly is bound for more growth as a protection against inflation. Especially with a consensus target price of $191 as of writing.

Shares are up 25% in the last year, compared to 13% for the TSX.

DRI Healthcare Trust

Another research report came out for DRI Healthcare Trust (TSX:DHT.UN), touting the company as a strong buy for both passive income and among growth stocks. While other health care companies focus in on biotech or pharma, which come with risk, DRI instead acquires royalties on medical products that have “significant life-saving potential.”

It’s the diversified portfolio as well that allows the company to offer such a strong dividend and growth trajectory for Motley Fool investors. It can provide consistent cash flow, while still looking for further opportunities to bring in more royalties. All while receiving a 4.37% dividend yield, with analysts projecting the company to perhaps double in the next year.

Shares are down 24% in the last year.

BRP

Finally, analysts are also bullish about the future of BRP (TSX:DOO)(NASDAQ:DOOO), and believe it’s one of the growth stocks that could double in the future. This could happen if it merely returned to its historical performance. This comes from a variety of catalysts coming together to create the potential compound annual growth rate (CAGR) of between 7% to 10% in the next few years.

A new See-Doo Switch could generate $600 million in revenue per year in the next few years, management stated recently. Furthermore, its Ghost boating project once unveiled this spring should hep the company reach its $1 billion in revenue target for 2025. Finally, entering the motorcycle segment should result in $500 million in annual revenue. Yet it remains at a discount compared to this growth potential, trading at 11.2 times earnings, with a $137 target.

Shares of BRP are down 5% in the last year, compared to the 13% among growth stocks on the TSX.

Foolish takeaway

These three growth stocks have substantial opportunity in the next year, and beyond. Each is in an industry with sustainable growth, with analysts boosting targets across the board. For Motley Fool investors wanting growth in their portfolio, I would certainly consider these.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

More on Stocks for Beginners

construction workers talk on the job site
Energy Stocks

Best Stock to Buy Right Now: Baytex vs Suncor?

Suncor and Baytex stocks both look like solid companies offering growth and dividends. But which is the better buy?

Read more »

profit rises over time
Top TSX Stocks

3 Reasons to Buy Enbridge Like There’s No Tomorrow

Have you considered buying Enbridge (TSX:ENB)? Here are 3 reasons to buy Enbridge today for lasting growth and income.

Read more »

An investor uses a tablet
Stocks for Beginners

If I Could Only Buy 2 Stocks in the Last Half of 2024, I’d Pick These

I’m looking to buy two stocks over the next month. Here’s a look at my picks and why you should…

Read more »

dividends grow over time
Stocks for Beginners

The Smartest Growth Stock to Buy With $2,000 Right Now

Do you have $2,000 to invest for the long term? These three TSX stocks have and will continue to deliver…

Read more »

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.
Tech Stocks

Is OpenText Stock a Buy, Sell, or Hold for 2025?

OpenText stock has fallen in the last few years, but that could mean this top tech stock remains an undervalued…

Read more »

man touches brain to show a good idea
Dividend Stocks

3 No-Brainer REIT Stocks to Buy Right Now for Less Than $200

REITs have long been touted as some of the best dividend stocks out there if you want recurring, strong income.…

Read more »

grow money, wealth build
Dividend Stocks

3 Top High-Yield Stocks to Buy in November

If you want passive income, high yield dividend stocks are the clear choice. These are the best, and safest, out…

Read more »

Stocks for Beginners

Where will Loblaw Stock be in 5 Years?

Want a great food stock that can provide growth and income? Here's why Loblaw stock can offer that and more.

Read more »