1 FTSE 250 tech stock I’d buy and hold for 10 years!
FTSE 250 incumbent Softcat (LSE:SCT) has been on a growth trajectory for a few years now. I still think it can grow further, so I’d add the shares to my holdings at current levels and hold them. Here’s why. IT infrastructure supplier
Softcat sells IT infrastructure to public and private sector firms through four main areas. These are cyber security, IT intelligence, hybrid infrastructure, and digital workspace tools. It partners up with many tech giants who manufacture but don’t sell directly to businesses, and makes money by adding value to its customer base with these products and services.
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As I write, Softcat shares are trading for 1,591p. At this time last year, the shares were trading for 2% less at 1,560p. FTSE 250 stocks have risks One of the main issues Softcat could face is competition. The IT reseller market is large and very competitive. I know this due to my research and the fact I have worked in this space myself some years ago. All the firms in Softcat’s sector […]
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