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High Growth Tech Stocks To Watch In November 2024

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The global markets have been buoyed by a significant rally in U.S. stocks, driven by expectations of economic growth and favorable tax policies following the recent election, with the small-cap Russell 2000 Index experiencing notable gains despite remaining below its record high. In this climate of optimism and potential regulatory changes, identifying high-growth tech stocks involves looking for companies that are well-positioned to benefit from these economic shifts and exhibit strong innovation capabilities amidst evolving market conditions.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Yggdrazil Group

24.66%

85.53%

★★★★★★

eWeLLLtd

26.52%

27.53%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Medley

26.75%

31.99%

★★★★★★

Seojin SystemLtd

33.39%

49.13%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

Mental Health TechnologiesLtd

27.88%

79.61%

★★★★★★

TG Therapeutics

34.66%

56.48%

★★★★★★

UTI

114.97%

134.60%

★★★★★★

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.

Park Systems

Simply Wall St Growth Rating: ★★★★★★

Overview: Park Systems Corp. is a company that develops, manufactures, and sells atomic force microscopy (AFM) systems globally, with a market cap of ₩1.30 trillion.

Operations: Park Systems generates revenue primarily from the sale of scientific and technical instruments, specifically atomic force microscopy systems, amounting to ₩148.23 billion.

Park Systems is making significant strides in the high-tech sector, particularly through its recent partnership aimed at expanding its footprint in India's burgeoning semiconductor industry. This move aligns with the India Semiconductor Mission, positioning Park Systems to capitalize on the anticipated growth in this sector. Financially, Park Systems is poised for robust growth with projected annual revenue increases of 23.5% and earnings growth of 33.7%, outpacing both the broader KR market and industry averages. The company's commitment to R&D is evident from its strategic alliances and participation in major international conferences, enhancing its technological edge and market presence globally.

KOSDAQ:A140860 Earnings and Revenue Growth as at Nov 2024
KOSDAQ:A140860 Earnings and Revenue Growth as at Nov 2024

Kaynes Technology India

Simply Wall St Growth Rating: ★★★★★☆

Overview: Kaynes Technology India Limited is an integrated electronics manufacturer providing end-to-end and IoT solutions both domestically and internationally, with a market capitalization of ₹347.58 billion.