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.
Looking for more shares to invest in? Then check out the five recommendation below which are very highly rated…
NEW! 5 Cheap Stocks With Massive Upside Potential
Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.
One is a diversified conglomerate trading over 30% off it’s all-time high, all while offering a fully franked dividend yield of over 3%…
Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.
Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.
Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares.
But you will have to hurry because the cheap share prices on offer today might not last for long.
As of 2/6/2020
More reading
- How I would invest $50,000 into ASX shares right now
- Could these ASX shares be the future dividend stars that make you rich?
- 10 ASX 200 shares that are fit for the Queen
- Could these sensational ASX shares help you beat the market?
- What ASX shares should you invest in during a bull market?
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.
The post Why I’d buy Appen and these ASX growth shares for the 2020s appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/2UlMU31
Leave a Reply