2 ASX shares to buy and hold for 10 years+

Here are two quality buy and hold options…
The post 2 ASX shares to buy and hold for 10 years+ appeared first on The Motley Fool Australia. –

If your investment style is creating wealth by making patient long term investments, then the two ASX shares listed below could be worth a look.

Both shares have strong offerings and huge market opportunities, which many in the market believe will make them great buy and hold options. 

Here’s why analysts are bullish on them:

Life360 Inc (ASX: 360)

The first buy and hold option for investors to look at is Life360. 

Its hugely popular Life360 app is used by 33.8 million people globally for real time, location sharing and other features such as driver safety and messaging.

This alone is generating significant recurring revenues, but management isn’t settling for that. It has been actively looking for ways to monetise its enormous user base. 

This includes through offering additional services such as stolen phone protection. It has also announced the acquisition of wearables company Jiobit and items tracking company Tile. These offer material cross selling opportunities for Life360.

Bell Potter is a very big fan of Life360. It recently retained its buy rating and lifted its price target to $16.25.

Nitro Software Ltd (ASX: NTO)

This growing document productivity software company could be another ASX share to buy and hold.

The company’s popular Nitro Productivity Suite provides integrated PDF productivity and electronic signature tools to businesses of all sizes.

This is a large and growing market which is estimated to be worth $28 billion per year. And while Nitro’s annualised recurring revenues are growing quickly, it has still only captured a very small slice of the market. This gives it a huge runway for growth over the next decade.

The team at Bell Potter is also very positive on Nitro. Its analysts currently have a buy rating and $4.50 price target on its shares.

The post 2 ASX shares to buy and hold for 10 years+ appeared first on The Motley Fool Australia.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

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3 hot ASX tech shares to buy in 2022

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has recommended Nitro Software 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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