High Growth Tech Stocks To Watch In December 2024

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As global markets navigate a period of uncertainty marked by cautious Federal Reserve commentary and political tensions, U.S. stocks have experienced broad-based declines with smaller-cap indexes being particularly affected. In this environment, identifying high-growth tech stocks requires a focus on companies that demonstrate resilience through innovation and adaptability to economic shifts, as these qualities can help them withstand market volatility and capitalize on emerging opportunities.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Seojin SystemLtd

35.41%

39.86%

★★★★★★

Waystream Holding

22.09%

113.25%

★★★★★★

Pharma Mar

25.43%

56.19%

★★★★★★

Sarepta Therapeutics

24.09%

42.97%

★★★★★★

TG Therapeutics

34.86%

56.98%

★★★★★★

Fine M-TecLTD

36.52%

131.08%

★★★★★★

Alkami Technology

21.99%

102.65%

★★★★★★

Initiator Pharma

73.95%

31.67%

★★★★★★

Elliptic Laboratories

70.09%

111.37%

★★★★★★

Travere Therapeutics

31.70%

72.51%

★★★★★★

Click here to see the full list of 1279 stocks from our High Growth Tech and AI Stocks screener.

Let's review some notable picks from our screened stocks.

Lectra

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Lectra SA offers industrial intelligence solutions for the fashion, automotive, and furniture industries across Northern Europe, Southern Europe, the Americas, and the Asia Pacific with a market capitalization of €961.32 million.

Operations: The company generates revenue from its industrial intelligence solutions across the fashion, automotive, and furniture sectors, with significant contributions from the Americas (€172.19 million) and Asia-Pacific (€124.33 million).

Lectra, a company specializing in software solutions for fabric and leather industries, demonstrates robust growth potential amid challenging market conditions. With an annual revenue growth of 5.7%, slightly outpacing the French market's 5.5%, Lectra is making strategic strides. Notably, its R&D commitment is evident with significant investment amounting to EUR 32 million this year alone, underscoring a focus on innovation and technology advancement. Additionally, the firm's earnings are projected to surge by 25.6% annually, reflecting strong operational efficiency and market adaptation strategies. Recent financial results revealed sales reaching EUR 394.22 million over nine months, up from EUR 358.26 million in the previous year, although net income slightly decreased to EUR 22.77 million from EUR 25.87 million due to strategic reinvestments into R&D and global expansion efforts.