High Growth Tech Stocks To Watch In December 2024

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 (ENXTPA:PLNW)

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.

• Unlock comprehensive insights into our analysis of Planisware SAS stock in this health report.

• Understand Planisware SAS' track record by examining our Past report.

Ming Yuan Cloud Group Holdings (SEHK:909)

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.

Operations: Ming Yuan Cloud Group Holdings generates revenue primarily from Cloud Services, contributing CN¥1.32 billion, and On-premise Software and Services, adding CN¥281.71 million.

Ming Yuan Cloud Group Holdings, navigating a volatile tech landscape, is poised for significant growth with revenue expected to outpace the Hong Kong market by 2.6% annually. Despite current unprofitability, earnings are projected to surge by an impressive 72.93% per year, signaling potential future profitability within three years. The company's recent strategic shifts, including auditor and executive changes, underscore a dynamic restructuring aimed at enhancing governance and operational efficiency. This proactive approach could well position Ming Yuan in the competitive tech arena as it transitions towards profitability and stabilizes its financial footing.

• Click to explore a detailed breakdown of our findings in Ming Yuan Cloud Group Holdings' health report.

• Gain insights into Ming Yuan Cloud Group Holdings' past trends and performance with our Past report.

Oracle Corporation Japan (TSE:4716)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Oracle Corporation Japan focuses on developing and selling software and hardware products and solutions within Japan, with a market capitalization of ¥1.85 trillion.

Operations: Oracle Corporation Japan generates revenue through the development and sale of software and hardware products within Japan. The company's market capitalization is approximately ¥1.85 trillion.

Oracle Corporation Japan, amidst a dynamic tech environment, anticipates robust growth with net sales expected to increase by 5.0% to 9.0% for the fiscal year ending May 2025. This projection aligns with an earnings per share forecast ranging from ¥445 to ¥460, reflecting an annualized earnings growth of about 8%. With a solid R&D commitment, evidenced by substantial investment in innovation (specific figures not provided), Oracle Japan is not just keeping pace but strategically positioning itself in software and technology sectors that are rapidly evolving towards cloud-based solutions and integrated services. This focus on R&D is crucial as it enhances product offerings and competitive edge in a market where technological advancements are pivotal.

• Dive into the specifics of Oracle Corporation Japan here with our thorough health report.

• Gain insights into Oracle Corporation Japan's historical performance by reviewing our past performance report.

Turning Ideas Into Actions

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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