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High Growth Tech Stocks To Watch In December 2024

In This Article:

As global markets react to recent economic indicators and central bank decisions, the technology-heavy Nasdaq Composite has reached a new milestone, surpassing the 20,000 mark despite broader market declines. With growth stocks continuing to outperform value stocks amidst these dynamic conditions, investors are increasingly focused on identifying high-growth tech companies that demonstrate resilience and potential in an evolving economic landscape.

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

27.24%

28.74%

★★★★★★

Mental Health TechnologiesLtd

25.83%

113.12%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Waystream Holding

22.09%

113.25%

★★★★★★

Pharma Mar

25.43%

56.19%

★★★★★★

Fine M-TecLTD

36.52%

131.08%

★★★★★★

Initiator Pharma

73.95%

31.67%

★★★★★★

Elliptic Laboratories

70.09%

111.37%

★★★★★★

Click here to see the full list of 1248 stocks from our High Growth Tech and AI Stocks screener.

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

Planisware SAS

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Planisware SAS is a business-to-business software-as-a-service provider with operations in Europe, the Americas, the Asia-Pacific, and internationally, and it has a market capitalization of approximately €1.86 billion.

Operations: Planisware SAS generates revenue primarily from its Software & Programming segment, which contributes €170.48 million.

Planisware SAS, a player in the tech sector, has demonstrated robust financial performance with a notable annual revenue growth rate of 14.8% and earnings growth of 17.9%. Despite not outpacing the software industry's earnings growth last year, Planisware's forecasted earnings are set to exceed the French market average significantly. The company's commitment to innovation is evident from its R&D spending trends, which are crucial for sustaining long-term competitiveness in the rapidly evolving tech landscape. Recent activities, including their presentation at the CIC Market Solutions Forum and their latest earnings report showing a revenue jump to €86.63 million from €72.6 million year-over-year, underscore their active engagement in refining and expanding their technological offerings.

ENXTPA:PLNW Revenue and Expenses Breakdown as at Dec 2024
ENXTPA:PLNW Revenue and Expenses Breakdown as at Dec 2024

Ming Yuan Cloud Group Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Ming Yuan Cloud Group Holdings Limited is an investment holding company that offers software solutions for property developers in China and has a market cap of HK$4.98 billion.