Here’s why I would buy and hold Kogan.com Ltd (ASX:KGN) and these ASX growth shares for at least the next 10 years…
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Are you looking to add some growth shares to your portfolio this week? Then you might want to consider buying the ones listed below.
I believe all three have the potential to deliver strong earnings growth over the next decade, which could make them long term market beaters.
Here’s why I would buy and hold these ASX growth shares for at least 10 years:
Bravura Solutions Ltd (ASX: BVS)
The first ASX growth share to consider buying is Bravura. The shares of the provider of software products and services to the wealth management and funds administration industries have come under pressure recently following its subdued guidance for FY 2021. While the warning that its earnings could be flat in FY 2021 because of the pandemic was disappointing, I believe the share price weakness has been severely overdone. Especially given its portfolio of quality software solutions, strong recurring revenues, massive market opportunity, and strong long term growth potential. I think these make the Bravura share price great value at under 20x earnings.
Kogan.com Ltd (ASX: KGN)
Another ASX growth share I would consider buying is this ecommerce company. The Kogan share price has been an exceptionally strong performer in 2020. And while this means it isn’t the bargain buy that it was a few months ago, I still see value in its shares for long term investors. I believe Kogan is well-placed to continue its strong sales and earnings growth over the next decade thanks to the growing popularity of its website, more spending online, and its acquisition opportunities.
Pushpay Holdings Group Ltd (ASX: PPH)
A third ASX growth share to buy is Pushpay. I think the fast-growing donor management platform provider for the faith sector is one of the best options on the share market right now. This is due to its leadership position in a niche but very lucrative market. In FY 2021 Pushpay expects to more than double its operating earnings once again. Pleasingly, I don’t expect its rapid growth to end any time soon. Nor does management. It is targeting a 50% share of the medium to large church market in the future. This represents a US$1 billion opportunity and compares to FY 2020’s revenue of US$127.5 million.
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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 and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended Kogan.com ltd and 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.
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