Exploring High Growth Tech Stocks This December 2024

In This Article:

As global markets navigate a landscape marked by cautious Federal Reserve commentary and political uncertainties, smaller-cap indexes have faced notable challenges, reflecting broader investor sentiment. In this environment, identifying high-growth tech stocks requires a focus on companies that demonstrate resilience and adaptability to economic shifts while maintaining strong innovation potential.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Yggdrazil Group

30.20%

87.10%

★★★★★★

eWeLLLtd

26.41%

28.82%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Waystream Holding

22.09%

113.25%

★★★★★★

CD Projekt

24.92%

27.00%

★★★★★★

Initiator Pharma

73.95%

31.67%

★★★★★★

Elliptic Laboratories

70.09%

111.37%

★★★★★★

JNTC

29.48%

104.37%

★★★★★★

Click here to see the full list of 1273 stocks from our High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

DREAMTECH

Simply Wall St Growth Rating: ★★★★☆☆

Overview: DREAMTECH Co., Ltd. is involved in the design, development, and manufacture of modules both domestically in South Korea and internationally, with a market capitalization of approximately ₩500 billion.

Operations: DREAMTECH Co., Ltd. generates revenue primarily from IT & Mobile Communications and Compact Camera Module (CCM) segments, with contributions of approximately ₩455.56 billion and ₩441.55 billion, respectively. The Biometrics, Healthcare & Convergence segment also plays a significant role in its revenue model, contributing around ₩230.61 billion.

DREAMTECH, amidst a robust tech landscape, showcases a promising trajectory with its earnings expected to surge by 36.5% annually, outpacing the broader Korean market's 29.2%. This growth is complemented by a significant revenue increase of 14.7% per year, which also exceeds the market average of 8.9%. The firm's commitment to innovation is evident from its R&D investments, crucial for maintaining its competitive edge in the high-stakes electronic industry where it recently adjusted its buyback plan to extend until February 2025, reflecting confidence in its financial health and future prospects.

KOSE:A192650 Revenue and Expenses Breakdown as at Dec 2024
KOSE:A192650 Revenue and Expenses Breakdown as at Dec 2024

Kuaishou Technology

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kuaishou Technology is an investment holding company offering live streaming, online marketing, and other services in the People's Republic of China, with a market cap of HK$184.90 billion.