Investing in the right fast-rising stocks ought to be most investors’ goals. Indeed, for those looking to compound their wealth, such certainly make sense as core portfolio positions. One such company I’ve touted as a top TSX fast-rising stock to buy is ( ), a Canadian tech giant.
Let’s dive into why this company is still a buy after its surge to record highs recently. Constellation Software Constellation Software is a tech giant that specializes in developing and customizing software for public and private-sector banks. Furthermore, the company specializes in building, acquiring, and managing vertical-specific businesses.
With a focus on the public and private sectors, investors gain exposure to the stability public-sector divisions provide and the growth of private enterprises. This has worked out well for the company, judging by its stock chart above. Founded in 2006, the company is a huge success for Canadian investors.
The stock has rallied nearly 20,000% over the past 20 years, and few stocks haves provided returns that come close to this. From a return perspective, Constellation has perhaps the most robust argument to be made as a top software stock to hold during this part of the cycle. Strong financial performance Clearly, some strong fundamentals support Constellation’s ever-rising share price.
The company’s revenue growth has remained robust despite its massive size, with revenue growing 23% year over year in its most recent quarter to $2.35 billion. Addi.