High Growth Tech Stocks To Watch In December 2024

In This Article:

As global markets navigate a landscape marked by mixed performances across major indices, high growth tech stocks have emerged as standout performers, with the S&P 500 and Nasdaq Composite hitting record highs while small-cap stocks like those in the Russell 2000 faced declines. In this environment, identifying promising tech stocks involves looking for companies that not only demonstrate robust growth potential but also exhibit resilience amid economic fluctuations and sector-specific trends.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Yggdrazil Group

30.20%

87.10%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Waystream Holding

22.09%

113.25%

★★★★★★

Pharma Mar

25.43%

56.19%

★★★★★★

CD Projekt

24.93%

27.00%

★★★★★★

TG Therapeutics

34.66%

56.98%

★★★★★★

Alkami Technology

21.94%

98.60%

★★★★★★

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 1289 stocks from our High Growth Tech and AI Stocks screener.

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

Vercom

Simply Wall St Growth Rating: ★★★★★☆

Overview: Vercom S.A. develops cloud communications platforms and has a market cap of PLN2.60 billion.

Operations: The company generates revenue primarily from its CPaaS segment, amounting to PLN462.07 million.

Vercom's trajectory in the tech sector is marked by robust growth, with earnings surging 50.3% over the past year, outpacing the software industry's average of 15.2%. This growth is underpinned by significant R&D investments, aligning with a revenue forecast that exceeds Poland's market average at 13.6% annually. Additionally, Vercom’s strategic focus on expanding its software solutions has led to a notable increase in sales to PLN 365.59 million from PLN 240.89 million year-over-year, reflecting strong market demand and effective execution. The company's forward-looking strategy is evident in its projected annual earnings growth of 21.9%, which also surpasses local market expectations of 14.6%. With a high Return on Equity (RoE) forecast at an impressive 22.8% over three years, Vercom is positioning itself as a dynamic player within tech innovation spheres—potentially reshaping competitive landscapes through technological advancements and customer-centric solutions.

WSE:VRC Revenue and Expenses Breakdown as at Dec 2024
WSE:VRC Revenue and Expenses Breakdown as at Dec 2024

Brockhaus Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Brockhaus Technologies AG is a private equity firm with a market capitalization of approximately €238.21 million.