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Here are 3 blockbuster ASX tech shares to buy and hold

I think it is fair to say that Australian investors are a lucky bunch. In my opinion the local share market is home to a good number of shares with explosive growth potential.

None more so than the three tech shares listed below. These companies have grown at an incredible pace in the last couple of years and look likely to continue doing so for the foreseeable future.

Here’s why I think they are worth considering as buy and hold investments today:

Aconex Ltd (ASX: ACX)

Although this software-as-a-service company disappointed the market with a surprise profit guidance downgrade earlier this year, its long-term growth expectations are still at a level which many companies could only dream of. Demand for its cloud collaboration software has been growing strongly and it isn’t hard to see why. Management estimates that it can accelerate the pace of product delivery to help build five hospitals for the price of four.

WiseTech Global Ltd (ASX: WTC)

Although this cloud-based supply chain management software provider’s shares are changing hands at a significant premium to the market-average, I believe the company’s growth profile justifies this. Thanks to rising demand for its platform, WiseTech recently reported a 361% jump in half-year net profit to $14.4 million. I believe the quality and stickiness of the product have positioned the company perfectly for long-term growth.

XERO FPO NZX (ASX: XRO)

This fast-growing provider of cloud-based accounting software for small to medium enterprises has been on a stunning run in the last couple of months. Despite rising 32% since the start of April, I believe Xero is still a great buy and hold investment option. Xero may have just announced that it surpassed the 1 million subscribers mark, but I believe this is just scratching the surface of a much larger global opportunity.

If you're already ahead of the game and own shares in the three shares above, then these fast-growing blue-chips could be great options for you. I'm tipping them and their growing dividends for big things over the next few years.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO, WiseTech Global, and Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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