There's no disputing that the best path to generating long-term wealth is buying stocks in quality companies and holding them for years, if not decades. It's also well documented that the majority of gains will likely come from a small percentage of those stocks, especially for investors with a "buy and hold" mindset.
The most elusive of these Wall Street winners is the "10 bagger," a stock that eventually grows to 10 times the value of the original investment, or perhaps even more. The term was popularized by legendary investor Peter Lynch, who borrowed the analogy from baseball, where additional bases earned are called "baggers."
While these wealth-generating stocks are rare, they can be found -- if you know where to look for them. With that in mind, we asked three Motley Fool contributors for their top tech stock picks that could turn $100,000 into $1 million. They came back with nCino (NASDAQ: NCNO) , BlackLine (NASDAQ: BL) , and Roku (NASDAQ: ROKU) . Here's why they believe these stocks have all the makings of the elusive 10 bagger.
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3 Tech Stocks That Could Turn $100,000 into $1 Million