2 Tech Stocks You Can Buy and Hold for the Next Decade
The tech industry is typically a popular hunting ground for great stock ideas. The combination of new, innovative ideas, high growth, and exciting prospects makes these stocks appealing to investors. What often comes along with these characteristics is volatility and high valuations, so it's best to approach buying these stocks with a long-term holding period in mind.
When considering what stocks to buy that can be held for many years, it's important to find strong business models, competitive advantages, and companies with products its customers can't live without. Here are two great stock ideas to buy right now and hold for the next decade.
(NYSE: NOW) may not be a household name to most investors because it specializes in business software and therefore is not consumer-facing. The company sells software that helps manage all of the operations of a business on one unified platform. So instead of human resources using one system and finance using another, ServiceNow offers a solution for all of a company's departments to work together on one platform.
Source Fool.com
ServiceNow Inc. Stock
The stock is one of the favorites of our community with 60 Buy predictions and 1 Sell predictions.
With a target price of 792 € there is a slightly positive potential of 13.96% for ServiceNow Inc. compared to the current price of 695.0 €.
