The track record of equity markets shows that a stock market recovery has always taken place after even the very worst bear markets. Therefore, buying dirt-cheap shares today and holding them for the long run could lead to high returns in the coming years.

Furthermore, with a lack of opportunities among other mainstream asset classes, today’s cheap stocks could become increasingly attractive to a wider range of investors. This may help to push their prices even higher.

A likely stock market recovery

While there has been a stock market recovery of sorts since the 2020 stock market crash, many shares trade at cheap prices. In fact, a number of sectors continue to be unpopular among investors due to their uncertain near-term outlooks. As such, there is likely to be a wide range of dirt-cheap shares available to buy today.

Over time, history suggests that there will be a further stock market rally. After all, indices such as the FTSE 100 Index (FTSE: UKX) have always produced new record highs following their previous declines. For example, previous crises such as the dot com bubble and the global financial crisis caused significant falls in stock prices. However, within a handful of years, major indices had not only recovered, but had risen to new record highs that benefitted investors who purchased undervalued stocks.

With investor sentiment continuing to be somewhat cautious due to economic and political uncertainty, there is likely to be scope for upward reratings in the valuations of today’s cheap stocks. While this process may take time, and a stock market recovery could be somewhat volatile because of a variety of risks that are likely to remain in play in the first part of 2021, taking a long-term view of today’s cheap shares could be a profitable move.

The relative appeal of today’s dirt-cheap shares

The prospect of a long-term stock market recovery could make today’s dirt-cheap shares seem even more appealing relative to other assets. Of course, that task may not be especially challenging right now.

Low interest rates mean that the returns available on cash and bonds are extremely unfavourable. They may even lag inflation over the coming years. Similarly, gold’s high price and house price growth in the past decade mean that the stock market may offer significantly greater investment appeal.

This may shift investors from other mainstream assets towards equities. With interest rates in major economies across the world expected to remain at low levels, investor demand for equities could rise.

This may help to sustain a stock market recovery, and could benefit today’s cheapest shares the most because they have the greatest scope for capital gains. As such, investing in a diverse range of them today and holding them over the long run could be a shrewd move.

More reading

• 2 ASX healthcare shares to buy next week
• 2 fantastic ETFs for ASX investors to buy
• 2 ASX tech shares to buy and hold until 2030
• Is McDonald’s stock a buy?
• 3 of the best ASX shares to buy in January

Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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One area of the share market that has been performing consistently well in recent years is the healthcare sector. Since this time in 2015, the S&P/ASX 200 Health Care index has generated a return of 122% for investors.

This has been underpinned by increasing demand, better technologies and treatments, and ageing populations.

Pleasingly, these tailwinds aren’t going away any time soon. In light of this, it is no surprise to learn that the sector has been tipped as a great place to invest over the 2020s.

But which healthcare shares should you buy? Here are two highly rated options:

CSL Limited (ASX: CSL)

CSL is one of the world’s leading biotherapeutics companies. It has been an exceptionally positive performer over the last decade thanks to a combination of acquisitions, its research and development (R&D) activities, growing plasma collection network, and its leading therapies. Its portfolio of therapies currently includes the likes of Privigen, Hizentra, Idelvion, and Afstyla. Though, this will be boosted further in the coming years thanks to its almost billion-dollar annual investment in R&D.

UBS appears confident that this strong form can continue. The broker recently retained its buy rating and $346.00 price target on the company’s shares. While it notes that plasma collection conditions are tough in some markets because of COVID-19, it remains positive on its outlook. Especially given how it has a range of options to mitigate this headwind and a burgeoning R&D pipeline. 

Pro Medicus Limited (ASX: PME)

Pro Medicus is healthcare technology company that provides radiology information systems (RIS), picture archiving and communication systems (PACS), and advanced visualisation solutions to healthcare organisations across the globe.

Due to the quality of its software, its sizeable market opportunity, and the shift away from legacy systems, Pro Medicus has been tipped to have a big future.

One broker that is positive on the company is Morgans. This month the broker retained its add rating and lifted its price target on the company’s shares to $35.02. It made the move after the company announced the signing of a five-year contract with MedStar Health worth a total of A$18 million.

More reading

• 3 unstoppable ASX shares to buy
• 5 fantastic ASX shares to buy in 2021
• 2 of the best ASX healthcare shares to buy in 2021
• 3 top ASX shares to buy in 2021
• 7 top ASX biomedical shares in 2020

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 CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. 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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As my colleague revealed here recently, exchange traded funds (ETFs) continue to grow in popularity with Australian investors and keep breaking records.

According to BetaShares, the local ETF industry reached an all-time high market capitalisation of $78.7 billion in November. This is up from $73.8 billion a month earlier.

Unsurprisingly, this growing popularity has led to an increasing number of ETFs for investors to choose from.

But which ones should you buy? Among the many options, here are two ETFs that come highly rated:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF allows investors to buy a slice of the biggest and brightest technology and ecommerce companies in Asia. BetaShares notes that through a single trade, this ETF provides diversified exposure to a high-growth sector that is under-represented in the Australian share market.

At present, there are a total of 50 companies included within the ETF. Among these you will find giants such as Alibaba, Baidu, JD.com, and Tencent Holdings. The latter is the company behind the hugely popular WeChat app, which has over 1.2 billion users. It is also a substantial shareholder of buy now pay later company Afterpay Ltd (ASX: APT).

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another very popular ETF from BetaShares is the BetaShares NASDAQ 100 ETF. This ETF aims to track the performance of the NASDAQ 100, which comprises 100 of the largest non-financial companies listed on Wall Street’s famous exchange.

Among these 100 companies you will find household names such as Amazon, Apple, Microsoft, Netflix, and Google parent, Alphabet. In addition to this, the fund gives investors exposure to non-tech shares including Pepsico, Starbucks, and Tesla.

BetaShares notes that the ETF has a strong focus on technology, which once again gives diversified exposure to a high-growth potential sector that is under-represented in the Australian share market.

More reading

• 2 outstanding ETFs for ASX investors to buy
• 3 ETFs for ASX investors to buy in 2021
• 2 tech ETFs to buy for growth
• How to invest in US shares in 2021
• Got cash to invest? Here are 3 ASX growth shares to buy

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 BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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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One thing the Australian share market is not short of is tech shares growing at a strong rate.

Two tech shares which have been tipped to grow strongly in 2021 and beyond are listed below. Here’s what you need to know about them:

NEXTDC Ltd (ASX: NXT)

NEXTDC is a leading data centre-as-a-service provider with a growing network of centres in key locations across Australia. The company has been an exceptionally strong performer this year thanks to the pandemic accelerating the shift to the cloud.

This has led to a significant increase in demand for capacity in its data centre and underpinned strong sales and operating profit growth. It also meant that management had to bring forward its capacity expansion plans. But NEXTDC certainly isn’t resting on its laurels and is now looking overseas to boost its growth. It recently opened up offices in Tokyo and Singapore with a view of expanding into these markets in the future.

One broker that is positive on its future is Morgan Stanley. Late last month its analysts put an overweight rating and $14.60 price target on its shares.

Xero Limited (ASX: XRO)

Xero is a leading cloud-based business and accounting software provider. Thanks to its evolution into a full service small business solution over the last few years, the company has been growing its customer numbers and recurring revenues at a rapid rate.

For example, in the first half of FY 2021, Xero reported a 21% increase in operating revenue to NZ$409.8 million and a 15% lift in annualised monthly recurring revenue (AMRR) to NZ$877.6 million. It generated this from its 2.45 million subscribers.

The good news is that due to the quality of its offering, the shift to the cloud, its global market opportunity, and burgeoning app ecosystem, Xero has been tipped for more of the same in the future. Goldman Sachs believes Xero can achieve a 2030 subscriber footprint of 7.4 million and generate NZ$3.4 billion in annual revenue.

It is because of this that the broker has a buy rating and $157.00 price target on its shares.

More reading

• 3 unstoppable ASX shares to buy
• 2 rapidly growing ASX tech shares to buy
• 3 reliable ASX 200 shares that keep growing
• 5 fantastic ASX shares to buy in 2021
• 3 of the best ASX shares to buy right now

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has no position in any of the stocks mentioned. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

It’s arguably the world’s most recognizable chain of restaurants, with over 39,000 locations found in more than 100 countries. Its golden arches remind consumers they can enjoy a familiar, comforting meal almost anytime and anywhere they want.

The chain in question is, of course, McDonald’s (NYSE: MCD). It’s evolved over the years, but its appeal — and success — has effectively leveraged the idea of sameness. That is to say, customers like the fact that eating at a McDonald’s is at least a partial nod to the past; the value isn’t too shabby, either. This foundation is a big reason investors can look forward to more growth from the restaurant chain in the future.

Still, there’s one development that would-be shareholders would be wise to put on their radar.

Plenty of growth

Not every business idea McDonald’s comes up with is a winner. For example, the live-action Hamburglar meant to modernize the hamburger-stealing cartoon character and introduced in 2015 ended up being more creepy than cool. And, although the company would probably like to, let’s not forget McDonald’s once dabbled in pizza (back in the late 1980s).

By and large, though, the restaurant chain boasts more hits than misses, especially when it needs them the most. One only has to look four months back to find an example of the chain’s frequent strokes of brilliance.

While life in parts of the country is somewhat getting back to (the new) normal, as of early September, the fallout from the COVID-19 pandemic was still in full swing. Debates over the risk of restarting school were heated, while restaurants and retailers were still very restricted as to what they could and couldn’t do. Millions were still unemployed all over the world, and discretionary spending was crimped … even if just for logistical reasons. The fast-food giant’s second-quarter numbers proved it. Sales for the three-month stretch ending in June were down 29% year over year. Income fell 67%. Simply put, the company needed help.

Travis Scott came to the rescue.

You may not know who the relatively new musician and entertainer is, but younger fans of pop and rap music do. His star power was enlisted to help McDonald’s sell a $6 meal combo in September. The promotion was so successful that the company struggled to fully meet demand. McDonald’s eventually reported that September’s sales marked the best single month in almost a decade.

One good month or one savvy promotion doesn’t inherently make a company a winner. The fact that McDonald’s was able to act as well as it did when it did is a microcosm of its entire operation, though. Not every idea is a winner, but the ones that are end up being very big deals.

This reality is evident in the numbers. Earnings aren’t growing in a perfectly straight line, but they are growing pretty consistently, and are expected to keep growing from here.

As for revenue, yes, it’s been shrinking, but that’s by design. The organization has been paring back its ownership of restaurants by selling them to franchisees. As of September, 36,438 of the world’s 39,096 locations (6.8%) were franchise properties, up from 29,851 of the 36,405 McDonald’s locales (18%) five years ago. The move ultimately means lower sales but potentially more profits since franchisees’ fees and royalties are higher-margin revenue. This transition is largely complete now, translating into sales and earnings growth going forward.

Just keep tabs on franchisees’ frustration levels

That said, the company’s strategic shift away from restaurant ownership and toward a more profitable franchising focus has coincided with what some would characterize as an increasingly unfair burden on local operators.

Franchising is usually a symbiotic relationship within the fast-food industry. A well-known outfit like McDonald’s or rivals such as Wendy’s or Subway bring brand recognition and national advertising to the table, while localized businesspeople offer labor and remote management. These entrepreneurs also supply franchisors with recurring royalty revenue.

Being a McDonald’s franchisee is neither cheap nor easy, though. Not every operator wants to serve every menu item the corporation pushes its restaurants to offer. Ever-increasing promotional costs and required remodels have also become more and more common, as have frustrations regarding rent payments; the parent company owns its restaurant real estate and then leases it to franchisees at rates based on that store’s sales. And, despite coronavirus-related headwinds, early this month the parent unveiled new, additional franchise fees to be imposed beginning in 2021 at the same time as some operator subsidies were altogether canceled.

In response to new fees announced this month, some franchisees are rethinking their willingness to continue offering value-oriented parts of their menu. Others are mulling increased prices for Happy Meals, while still others are reportedly considering slightly higher prices across the entire menu.

And rather than cooling off over time, this infighting still appears to be ramping up.

Bottom line for McDonald’s

It’s not a fatal flaw, and certainly not one that could prove immediately disastrous. Even on its worst days, McDonald’s is a more reliable cash collection mechanism than many other fast-food chains. As was already noted, it’s the most recognizable name in the business for a reason. It’s also been a great investment for the same reason.

Nevertheless, the tensions between the parent company and franchisees not only seem to never end but may even be worsening. This sort of adversarial dynamic poses the risk of pushing franchisees out of the McDonald’s network while preventing other prospective franchisees from ever teaming up with the company.

It’s still not a reason to avoid the stock, though … at least not yet.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• 3 of the best ASX shares to buy in January
• 3 recents ASX IPOs to watch
• Why I think a growing passive income is the key to financial freedom
• 2 buy-rated ASX dividend shares for income investors to snap up
• 3 ASX growth shares to buy this week

James Brumley has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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If you’re looking for a few shares to add to your portfolio in 2021, then you could do a lot worse than the ones listed below.

Here’s why these ASX shares come highly rated right now:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solution is a provider of software and services to the wealth management and funds administration industries. It has a number of quality products in its portfolio that are being used by many large financial institutions. This includes the Sonata wealth management platform and the Midwinter financial planning software. While the pandemic has hit the company (and its share price hard), analysts at Goldman Sachs believe it is worth sticking with the company. The broker has a buy rating and $4.50 price target on Bravura’s shares.

Pushpay Holdings Group Ltd (ASX: PPH)

Pushpay is a donor management platform provider that has been growing its share of the United States church market at a rapid rate over the last few years. This has led to the company delivering stellar revenue and operating earnings growth. Pleasingly, management doesn’t expect its strong growth to end in FY 2021. At the end of the first half, Pushpay increased its EBITDAF guidance for the year ending 31 March 2021 to between US$54 million and US$58 million. This will be more than 115% higher than FY 2020’s EBITDAF of US$25.1 million. Goldman Sachs is positive on the company and believes it is well-positioned for growth. The broker has a conviction buy rating and $10.35 price target (now $2.59 after its 4-1 share split) on its shares.

REA Group Limited (ASX: REA)

REA Group is the property listings company behind the market-leading realestate.com.au website. It also owns and operates several equivalents in growing international markets such as India. The company has been a strong performer over the last few years despite contending with a housing market downturn and the pandemic. Pleasingly, with the housing market tipped to rebound in 2021, its outlook is looking particularly positive. Analysts at Morgan Stanley are bullish on the company. They expect price increases, volume growth, and good cost control to underpin strong earnings growth in the coming years. The broker has an overweight rating and $150.00 price target on its shares.

More reading

• 2 rapidly growing ASX tech shares to buy
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• 3 fantastic ASX growth shares to buy in 2021

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 Kogan.com ltd and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Kogan.com ltd and PUSHPAY FPO NZX. 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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Over the last couple of months there have been countless companies hitting the ASX boards after completing their initial public offerings (IPOs).

Three that could be worth watching are listed below. Here’s what you need to know about them:

PlaySide Studios Limited (ASX: PLY)

Melbourne-based PlaySide is one of Australia’s largest independent video game developers with over 52 titles developed. This includes games based on original intellectual property and games developed with Hollywood studios such as Disney, Warner Bros, and Nickelodeon. It operates in a mobile games market which is estimated to be worth $77.2 billion after growing at 13.3% year on year. The company’s IPO raised $15 million from investors at 20 cents per share, giving it a market capitalisation of $73 million. The PlaySide share price ended the week at 32.5 cents.

SILK Laser Australia Limited (ASX: SLA)

This laser, skin care, and cosmetic injections company’s shares have been positive performers since raising $83.5 million at $3.45 per share through its IPO. At the end of the week, SILK Laser’s shares were changing hands for $3.65. Investors appear to have been impressed with its solid performance so far in FY 2021. As of the end of the first five months of FY 2021, management revealed that it is on track to beat its forecasts. It advised that unaudited network cash sales remain well ahead of last year and are up 63% on the prior corresponding period to $38 million.

Universal Store Holdings Limited (ASX: UNI)

Universal Store is a leading fashion retailer which landed on the Australian share market after raising $147.8 million at $3.80 per share. This gave the fashion retailer a market capitalisation of $278.1 million. It has been a strong performer in FY 2021. After meeting its prospectus forecast in the first quarter, its strong growth continued in the second quarter. Between 28 September and 15 November, the company achieved group comparable sales growth of 33% versus the prior corresponding period.

More reading

• Experts pick the best ASX IPO of 2020
• PlaySide Studios (ASX:PLY) share price doubles on ASX debut

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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For many people, achieving financial freedom is likely to be a main goal within their lifetimes. This will enable them to enjoy greater independence and, in some cases, a better quality of life.

However, a large sum of money does not necessarily lead to greater financial independence. Rather, it is the passive income it provides that can make the biggest impact on an individual’s financial outlook.

Therefore, now could be a good time to start investing in cheap dividend stocks with long-term growth potential. Over time, they could make a real difference to an investor’s quality of life.

Achieving financial freedom via a growing passive income

Building a large portfolio during a lifetime is likely to be viewed as a means of achieving financial freedom by many investors. While this is partially correct, the reality is that spending capital is rarely a good idea. Over time, the size of an investor’s portfolio will decline if they are spending capital, rather than the income it produces. This can mean that they eventually run out of money and face a tough financial situation.

As such, the passive income provided by a sum of capital is likely to have a bigger influence on an individual’s financial prospects. For example, a large sum invested in dividend shares is likely to provide greater financial independence through producing a larger income return compared to capital held in cash savings at a low interest rate.

Furthermore, the rate at which a passive income grows can have a significant impact on an individual’s financial freedom. Should it fail to rise at an above inflation pace, they may find that their spending power deteriorates over time. As a result, buying high-yielding shares with the potential to offer dividend growth over a sustained time period could be a sound move.

Investing today to achieve financial independence

Clearly, how an individual invests today depends on their stage in life. For those investors seeking to achieve financial freedom in the long run, buying a diverse range of high-quality businesses at low prices could lead to impressive capital returns. A stock market rally that causes valuations to revert to their long-term averages appears to be likely. This could produce high returns that catalyse an investor’s portfolio in the coming years.

For those investors who are seeking to make a passive income from their capital today, investing in stocks with dividend growth prospects could be the main priority. They could include companies that pay out a low proportion of their profit as a dividend, as well as those businesses that have bright financial futures. They may be able to afford to deliver strong dividend growth that makes a positive impact on an investor’s financial freedom in 2021 and beyond.

More reading

• 2 buy-rated ASX dividend shares for income investors to snap up
• 3 ASX growth shares to buy this week
• 3 unstoppable ASX shares to buy
• Here’s the 5 best performing ASX telecom shares in 2020
• Looking for the best shares to buy now? I’d take these 3 simple steps today

Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Thankfully in this ultra-low interest rate environment, the Australian share market is home to a large number of dividend shares for investors to choose from.

Two ASX dividend shares that could be great options for income investors are listed below. Here’s why they come highly rated:

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is one of the world’s leading iron ore producers and appears well-placed to deliver another robust result in FY 2021. This is thanks to its record shipments, ultra-low C1 production costs of US$12.74 per wet metric tonne, and the sky high iron ore price.

In respect to the latter, the iron ore price has been tipped to climb beyond US$180 a tonne next month. This is being driven by strong demand in China and production disruption in Brazil.

Analysts at Macquarie are expecting this to lead to Fortescue paying a very generous dividend in FY 2021. The broker has pencilled in a dividend of approximately $2.61 per share fully franked. Based on the current Fortescue share price, this equates to a massive 11% dividend yield.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share to look at is Telstra. With the end of the NBN rollout is sight, the arrival of 5G internet, cost cutting, and its T22 strategy, Telstra’s outlook is arguably the most positive it has been in a decade.

In addition to this, the company is aiming to unlock value for shareholders by splitting its business into three separate entities. Management believes the restructure would enable the company to take advantage of potential monetisation opportunities.

Goldman Sachs thinks Telstra would be a good option for income investors. It recently reiterated its buy rating and $3.60 price target on its shares. It has also reaffirmed its forecast for a 16 cents per share fully franked dividend in FY 2021 and beyond. Based on the current Telstra share price, this would provide investors with a 5.3% dividend yield.

More reading

• Leading fund manager names the ASX dividend shares to buy in 2021
• These ASX dividend shares could be top Christmas gifts for income investors
• 3 top ASX dividend shares for a better retirement
• Iron ore prices poised to hit US$180 next month: Westpac
• 3 ASX shares for growth, income, and value investors

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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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Luckily for Australian growth investors, the ASX is not short of options when it comes to growth shares.

Three top growth shares for investors to look at today are listed below. Here’s what you need to know about them:

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat Leisure is a leading gaming technology company Although 2020 has been a very difficult year for its poker machine business, its digital business has performed positively and delivered strong growth. Analysts at Citi expect the company to bounce back in FY 2021 and then build on this in the years that follow. As a result. they have recently retained their buy rating and lifted the price target on its shares to $40.60.

Audinate Group Limited (ASX: AD8)

Audinate is a digital audio-visual networking technologies provider which has been delivering impressive sales growth over the last few years. This is thanks to its Dante product, which is the clear market leader with 8 times as many enabled devices as its nearest rival. And while FY 2020 was a tough year because of the pandemic, the company looks well-placed to bounce back strongly when the crisis passes. UBS has been encouraged by its recovery and notes its strong performance in the first quarter. It has a buy rating and $8.00 price target on its shares.

Kogan.com Ltd (ASX: KGN)

This ecommerce company could be an ASX share to buy, especially if you’re looking for long term options. Kogan could be a great buy and hold option due to the structural shift to online shopping and the growing popularity of its website. Management has also been making value accretive acquisitions recently that could accelerate its growth in the coming years. One broker that is positive on the company is Credit Suisse. It recently put an outperform rating and $20.60 price target on its shares.

More reading

• 3 ASX shares to buy for 2021 and beyond
• 2 great ASX growth shares that are rapidly expanding
• 2 ASX growth shares to buy when the market reopens
• Got cash to invest? Here are 3 ASX shares to buy
• 2 dirt cheap ASX shares to buy in 2021

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 AUDINATEGL FPO and Kogan.com ltd. The Motley Fool Australia has recommended AUDINATEGL FPO and Kogan.com ltd. 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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