Why I'd buy Appen and these ASX growth shares for the 2020s

I think Appen Ltd (ASX:APX) and these ASX growth shares could be great long term investment options for investors. Here's why I'm bullish…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking to make investments in a collection of ASX growth shares, then the three listed below could be worth considering.

I believe all three growth shares have the potential to deliver strong returns for investors over the next decade. Here's why I would buy them next week:

Appen Ltd (ASX: APX)

I think Appen is one of the best growth shares on the ASX. It has been growing its earnings at a very strong rate over the last few years thanks to the increasing demand for its services due to the growing importance of artificial intelligence (AI) and machine learning. Appen prepares the data that goes into AI and machine learning models, which is a vital part of the process. And with both these markets expected to grow materially over the next decade, I think Appen is well-placed to continue its strong form for some time to come.

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is another growth share to consider buying. It is a financial technology company which provides software and services to the wealth management and funds administration industries. The solutions are used by some of the biggest financial institutions in the world. Thanks to the stickiness of its products, their large market opportunities, and a couple of key recent acquisitions, I believe Bravura can continue growing at a strong rate for many years to come.

Kogan.com Ltd (ASX: KGN)

A final growth share to consider buying is Kogan. This ecommerce company has really caught the eye this year after delivering explosive sales, earnings, and customer growth during the pandemic. While this growth is likely to moderate as lockdowns ease, I believe Kogan remains well-positioned to grow at a strong rate over the next decade. Especially given how the crisis appears to have accelerated the shift to online shopping.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Bravura Solutions Ltd. 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 Scott Phillips.

More on Growth Shares

A car dealer stands amid a selection of cars parked in a showroom.
Growth Shares

Could this ASX 200 share be one of the best long-term buys?

I think some of this company's biggest opportunities are still ahead.

Read more »

Three business people stand on platforms in the desert and look out through telescopes.
Growth Shares

2 top ASX shares to buy and hold for the next decade

I’m bullish about the prospects of these businesses…

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Growth Shares

3 fantastic ASX shares that could be much bigger by 2030

Wanting to invest for the long-term? Here are three shares to consider.

Read more »

Excited couple celebrating success while looking at smartphone.
Growth Shares

3 ASX growth shares I want to buy and hold forever

For a long-term investment, I want a business that can keep evolving.

Read more »

Two smiling work colleagues discuss an investment at their office.
Growth Shares

Why I'd buy and hold Pro Medicus and DroneShield shares

These are two shares where I am much more interested in what the businesses could become than what happens over…

Read more »

Woman with her kitten on a laptop in her home office.
Growth Shares

3 top ASX shares for beginners to buy now

I think starting with businesses you can actually understand makes the ups and downs of investing much easier to handle.

Read more »

Happy investor on tablet with finance graphs rising in overlay.
Growth Shares

2 ASX shares I want to hold until 2030 and beyond

Both businesses have already achieved plenty. The amount of growth still available is why I would want to own them…

Read more »

flying asx share price represented by man flying remote control drone
Growth Shares

Why are DroneShield shares suddenly rising again?

A guidance miss, then a sharp bounce. What changed?

Read more »