High Growth Tech Stocks To Watch This December 2024

In This Article:

As global markets navigate a period of cautious sentiment driven by the Federal Reserve's recent rate cuts and forecasts, U.S. stocks have experienced broad-based declines, with smaller-cap indexes facing particular challenges amid political uncertainties and economic data releases. In this environment, identifying high growth tech stocks involves looking for companies that demonstrate resilience through innovation and adaptability to changing market dynamics while maintaining strong fundamentals despite broader market volatility.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

eWeLLLtd

26.41%

28.82%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Waystream Holding

22.09%

113.25%

★★★★★★

Mental Health TechnologiesLtd

25.83%

113.12%

★★★★★★

Pharma Mar

25.43%

56.19%

★★★★★★

CD Projekt

24.92%

27.00%

★★★★★★

Initiator Pharma

73.95%

31.67%

★★★★★★

Elliptic Laboratories

70.09%

111.37%

★★★★★★

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

Let's explore several standout options from the results in the screener.

WG TECH (Jiang Xi)

Simply Wall St Growth Rating: ★★★★★☆

Overview: WG TECH (Jiang Xi) Co., Ltd. specializes in the photoelectric glass finishing industry in China and has a market capitalization of approximately CN¥5.92 billion.

Operations: WG TECH (Jiang Xi) Co., Ltd. generates revenue primarily from its optoelectronics segment, amounting to approximately CN¥2.21 billion. The company operates within the photoelectric glass finishing sector in China.

WG TECH (Jiang Xi) displays a dynamic growth trajectory with an anticipated revenue increase of 26.5% annually, outpacing the Chinese market's average of 13.7%. Despite current unprofitability, the firm is expected to shift towards profitability within three years, with earnings forecasted to surge by 126.88% per year. This growth is underpinned by substantial R&D investment and recent strategic moves including a significant share acquisition by Shenzhen Zhongjincheng Asset Management, reflecting confidence in WG TECH’s future market position and technological advancements in electronics.

SHSE:603773 Revenue and Expenses Breakdown as at Dec 2024
SHSE:603773 Revenue and Expenses Breakdown as at Dec 2024

Fujian Star-net Communication

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Fujian Star-net Communication Co., LTD. offers ICT infrastructure and AI application solutions in China, with a market cap of CN¥11.65 billion.

Operations: The company specializes in communication equipment manufacturing, generating a revenue of CN¥16.74 billion. It focuses on ICT infrastructure and AI application solutions within China.