Here are 3 ASX tech stars that I would buy and hold forever

Although the United States may be home to many of the biggest and most exciting tech companies in the world, Australia is certainly no slouch.

Three tech companies with explosive global growth prospects are listed below. Here’s why I think they could be great buy and hold investments:

The Aconex Ltd (ASX: ACX) share price has not fared well this year, tumbling around 27% after downgrading its full-year profit guidance. As disappointing as this was, I think this sell-off is a buying opportunity for patient buy and hold investors. I believe the company’s cloud-based construction collaboration software has the potential to become an integral part of the industry. Management has previously estimated that its use can accelerate the pace of product delivery and help build five hospitals for the price of four.

The Catapult Group International Ltd (ASX: CAT) share price has shed 38% of its value in the last six months. Whist this drop still doesn’t quite make its shares a bargain buy, I feel confident that its explosive growth prospects justify the premium. I believe the sports analytics company has a bright future not just from its wearables, but also from the monetisation of its data. I have been impressed with the early progress it has made with this and expect further developments to be announced this year.

The Freelancer Ltd (ASX: FLN) share price has fallen almost 37% in the last six months following a disappointing performance from its recently acquired business. But asides from that its core business continues to perform strongly. In its half-year results last month the outsourcing marketplace operator reported a 190% rise in the total value of projects posted on its site. Furthermore, the company advised that it now has 23.3 million registered users, an increase of 23% on the prior corresponding period.

As well as these tech shares, I'm tipping these fast-growing blue chip shares to smash the market in 2017. Are they in your portfolio?

Top 3 ASX Blue Chips To Buy In 2017

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

But knowing which blue chips to buy, and when, can often 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. 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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