As I said earlier, I believe software-as-a-service company GetSwift Ltd (ASX: GSW) is a tech share that could prove to be a great buy and hold investment.
But it?s not the only one. I think the three tech shares listed below are also great buy and hold investment options as well. Here?s why:
The Appen Ltd (ASX: APX) share price has rallied an incredible 41% since this time last week. Although it can no longer be classed as a bargain buy, I think the data solutions and services provider could still prove to be a great buy and hold investment. After…
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But it’s not the only one. I think the three tech shares listed below are also great buy and hold investment options as well. Here’s why:
The Appen Ltd (ASX: APX) share price has rallied an incredible 41% since this time last week. Although it can no longer be classed as a bargain buy, I think the data solutions and services provider could still prove to be a great buy and hold investment. After all, strong demand for its services led management to increase its annual EBITDA growth guidance to between 40% and 50% last month.
The LiveHire Ltd (ASX: LVH) share price has also been a big mover this year. Year-to-date the talent technology company’s shares are up a whopping 53%. This gain was largely the result of investors snapping up shares following an impressive 75% quarter-on-quarter increase in cash receipts thanks to strong demand for its talent pool platform from big name clients such as Wesfarmers Ltd (ASX: WES), Bupa, UniSuper, and KPMG. Despite the strong gains, I think LiveHire is worth a closer look.
The Nextdc Ltd (ASX: NXT) share price is the laggard of the group with its market-beating 25% gain year-to-date. I believe the data centre operator’s shares could climb significantly higher over the next few years as demand for its services grows strongly. As more and more businesses move to the cloud, I feel NextDC and its numerous data centres spread out across Australia are perfectly positioned to profit. The company recently posted a whopping 110% increase in half-year EBITDA to $23.9 million.
As well as GetSwift, Appen, NextDC, and LiveHire, I believe these fast-growing shares are also great options for patient buy and hold investors.
This is especially the case after recent market volatility made their share prices even more attractive.
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."
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Motley Fool contributor James Mickleboro owns shares in GetSwift Ltd and Nextdc Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia owns shares of Appen Ltd and Wesfarmers Limited. 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.