2 ASX shares I'd buy in a heartbeat

There are at least 2 ASX shares I'd buy in a heartbeat right now, including electronic donation business Pushpay Holdings Ltd (ASX:PPH).

| 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

ASX shares continue to rise with investor confidence seemingly growing every week.

Australia is getting close to the point of no new COVID-19 cases across the nation. Some ASX shares are soaring in reaction to how much better the outlook seems.

But there are still many places in the world where the number of infections is still rising.

With the current state of play domestically and abroad in mind, here are two ASX shares that I'd buy in a heartbeat:

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is one of the businesses that is seeing an acceleration of growth due to the unfortunate circumstances. It's an electronic donation business that enables people to digitally give to not-for-profit organisations.

A key part of US churches is the congregations. COVID-19 and social distancing makes church gatherings more difficult at the moment. That also means that getting cash donations can become problematic for those churches.

Pushpay's system is perfect for this environment. The ASX share's technology also allows churches to livestream to their congregations.

The large and medium church sector is a $1 billion revenue opportunity according to Pushpay's management.

The ASX share is aiming to approximately double its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) in FY21. Pushpay's profit margins could keep rising as it gets bigger over time.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

There are few ASX shares that have stood the test of time like Soul Patts. It has been operating since the early 1900s. So it has already survived through the Spanish Flu, two world wars, the recessions and so on.

Soul Patts is invested in businesses that should be able to remain robust this year. Some large positions include TPG Telecom Ltd (ASX: TPM), Brickworks Limited (ASX: BKW) and Clover Corporation Limited (ASX: CLV).

The ASX share conglomerate continues to invest in new opportunities. It is reportedly about to start investing in regional data centres.

I think Soul Patts is one of those shares that you could invest in and potentially hold forever. Its ability to change its investments and invest in anything is very attractive.

A very nice bonus with this ASX share is that it has grown its dividend every year since 2000.

Foolish takeaway

I'd buy both of these ASX shares for the long-term in a heartbeat. Pushpay has a lot of exciting growth potential over the coming years. But Soul Patts could be a solid idea for long-term steady growth.

Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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 woman wearing dark clothing and sporting a few tattoos and piercings holds a phone and a takeaway coffee cup as she strolls under the Sydney Harbour Bridge which looms in the background.
Growth Shares

The best Australian shares to buy in 2026

Let's see why these could be among the best Australian shares to buy now.

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

Forget PLS shares! This ASX growth stock is tipped to rise 60% by 2027

Could this beaten down stock follow PLS' lead and rebound strongly. Bell Potter thinks it could.

Read more »

2 smiling women looking at a phone.
Growth Shares

My 3 higher-risk, high-reward ASX stock recommendations for February 2026

For investors willing to accept uncertainty, selective risk can sometimes be rewarded.

Read more »

A couple and their baby sit together at their computer carrying out digital transactions and smiling happily.
Growth Shares

The bulls are coming: 2 of the best ASX growth shares to buy now to get ahead

When the bulls return, I think these shares could be in demand with investors.

Read more »

Man flies flat above city skyline with rocket strapped to back
Growth Shares

2 ASX growth stocks set to skyrocket in the next 12 months

Analysts are predicting returns of 80% to 130% from these stocks.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Growth Shares

3 underappreciated ASX growth shares I would buy with $1,000

Not all growth opportunities are obvious at first glance. These three ASX shares have earnings potential that may be underappreciated.

Read more »

US navy ship at sea.
Growth Shares

Another record in sight? Why this ASX defence stock is back in rally mode

EOS shares surge toward fresh highs as defence spending accelerates and a key South Korean contract decision looms.

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
Growth Shares

5 of the best ASX growth shares to buy and hold

Analysts are bullish on these growth shares. Let's find out why.

Read more »