Stock Analysis

Exploring 3 High Growth Tech Stocks in the United Kingdom

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The United Kingdom's FTSE 100 index recently closed lower, impacted by weak trade data from China, which has struggled to recover post-pandemic. In this challenging market environment, identifying high-growth tech stocks becomes crucial as they often exhibit resilience and potential for significant returns despite broader economic headwinds.

Top 10 High Growth Tech Companies In The United Kingdom

NameRevenue GrowthEarnings GrowthGrowth Rating
Altitude Group23.46%27.56%★★★★★☆
Filtronic21.64%33.46%★★★★★★
YouGov14.43%29.79%★★★★★☆
Facilities by ADF32.33%94.46%★★★★★★
STV Group13.43%47.09%★★★★★☆
Redcentric4.89%63.79%★★★★★☆
LungLife AI100.61%100.97%★★★★★☆
Trustpilot Group16.23%31.98%★★★★★☆
IQGeo Group11.49%63.61%★★★★★☆
Beeks Financial Cloud Group24.63%57.95%★★★★★☆

Click here to see the full list of 48 stocks from our UK High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Nexxen International (AIM:NEXN)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers a comprehensive software platform for advertisers to connect with publishers in Israel and has a market cap of £406.74 million.

Operations: Nexxen International Ltd. generates revenue primarily through its marketing services, amounting to $339.02 million. The company focuses on providing an end-to-end software platform for advertisers to reach publishers in Israel.

Nexxen International's recent earnings report shows a notable turnaround, with Q2 sales of $88.58 million compared to $84.25 million last year and a net income of $2.92 million from a previous net loss of $5.61 million. The company's strategic data partnership with The Trade Desk enhances its cross-channel targeting capabilities, leveraging unique ACR data segments for more efficient media investment. With an 8.8% expected annual revenue growth and forecasted earnings growth at 71.87%, Nexxen is positioning itself strongly in the tech landscape despite current unprofitability.

AIM:NEXN Earnings and Revenue Growth as at Aug 2024

Informa (LSE:INF)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc operates as an international events, digital services, and academic research company in various regions including the United Kingdom, Continental Europe, the United States, and China, with a market cap of £10.91 billion.

Operations: Informa generates revenue primarily from its Informa Markets segment (£1.67 billion), followed by Informa Connect (£630.20 million), Taylor & Francis (£636.70 million), and Informa Tech (£426.70 million). The company's diverse operations span international events, digital services, and academic research across several key regions including the UK, Europe, the US, and China.

Informa's forecasted revenue growth of 6.7% per year surpasses the UK market average of 3.7%, while its earnings are set to grow at an impressive 21.5% annually, outpacing the market's 14.3%. Despite a significant one-off loss of £213.5M impacting recent financial results, the company reported half-year sales of £1,695.3M, up from £1,520.5M last year. The strategic buyback of over 41 million shares for £338.9M in H1-2024 underscores confidence in future prospects and shareholder value enhancement.

LSE:INF Earnings and Revenue Growth as at Aug 2024

Trustpilot Group (LSE:TRST)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Trustpilot Group plc operates an online review platform connecting businesses and consumers across the United Kingdom, North America, Europe, and internationally, with a market cap of £860.56 million.

Operations: Trustpilot Group plc generates revenue primarily from its online review platform, with $176.36 million coming from Internet Information Providers. The company's operations span the United Kingdom, North America, Europe, and other international markets.

Trustpilot Group, a key player in the UK tech landscape, is forecasted to see its revenue grow at 16.2% annually, outpacing the broader UK market's 3.7%. With earnings expected to surge by 32% per year over the next three years, Trustpilot's transition to profitability aligns with its strategic focus on enhancing user trust and expanding its platform capabilities. Notably, R&D expenses have been significant at £23M last year, underscoring their commitment to innovation in AI-driven review management systems.

LSE:TRST Earnings and Revenue Growth as at Aug 2024

Key Takeaways

  • Navigate through the entire inventory of 48 UK High Growth Tech and AI Stocks here.
  • Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
  • Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

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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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