High Growth Tech Stocks To Explore In November 2024

As global markets react to the recent U.S. election results, with major indices reaching record highs and small-cap stocks like those in the Russell 2000 Index showing significant gains, investors are closely monitoring how changes in fiscal policy might impact growth and regulation. In this dynamic environment, identifying high-growth tech stocks involves looking for companies that can capitalize on potential regulatory shifts and economic stimuli while demonstrating resilience 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%	★★★★★★
Medley	24.98%	30.36%	★★★★★★
Seojin SystemLtd	33.39%	49.13%	★★★★★★
Sarepta Therapeutics	23.89%	42.65%	★★★★★★
Mental Health TechnologiesLtd	27.88%	79.61%	★★★★★★
Alnylam Pharmaceuticals	22.45%	70.66%	★★★★★★
Travere Therapeutics	31.19%	72.58%	★★★★★★
UTI	114.97%	134.60%	★★★★★★

Click here to see the full list of 1284 stocks from our High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Fujian Torch Electron Technology (SHSE:603678)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Fujian Torch Electron Technology Co., Ltd. specializes in the production and sale of electronic components, with a market cap of CN¥12.94 billion.

Operations: The company generates revenue primarily from the production and sale of electronic components. It has a market capitalization of approximately CN¥12.94 billion, indicating its significant presence in the industry.

Fujian Torch Electron Technology, amidst a challenging year with a 32.8% dip in earnings, still projects robust future growth with expected annual profit increases of 34.5%. This optimism is underscored by its revenue growth rate outpacing the Chinese market average at 21.2% annually compared to the market's 14%. Notably, the company's commitment to innovation is evident from its R&D expenditures which have consistently aligned with or exceeded industry standards, ensuring it remains at the forefront of technological advancements despite current financial volatilities. This strategic focus on research could well position Fujian Torch Electron for recovery and growth as market conditions evolve.

• Dive into the specifics of Fujian Torch Electron Technology here with our thorough health report.

• Learn about Fujian Torch Electron Technology's historical performance.

Rakus (TSE:3923)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Rakus Co., Ltd., along with its subsidiaries, offers cloud services in Japan and has a market capitalization of approximately ¥365.24 billion.

Operations: Rakus generates revenue primarily through its Cloud Business, contributing ¥35.18 billion, complemented by its IT Outsourcing Business at ¥6.18 billion. The company's focus on cloud services positions it as a key player in Japan's technology sector.

Rakus Co., Ltd. has demonstrated a robust growth trajectory, with earnings surging by 208.9% over the past year and an anticipated annual growth rate of 26.5%, significantly outpacing the Japanese market's average of 9.1%. This performance is bolstered by a strategic emphasis on R&D, dedicating funds that align with some of the highest standards in the tech sector, ensuring continuous innovation and competitive edge in software development. Recent adjustments in their financial guidance and positive sales announcements reflect a proactive management approach, adapting swiftly to market demands which may signal sustained upward trends for Rakus amidst evolving industry dynamics.

• Get an in-depth perspective on Rakus' performance by reading our health report here.

• Gain insights into Rakus' historical performance by reviewing our past performance report.

ANYCOLOR (TSE:5032)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: ANYCOLOR Inc. is an entertainment company with operations in Japan and internationally, and it has a market cap of ¥130.15 billion.

Operations: ANYCOLOR Inc. generates revenue through its entertainment operations both in Japan and internationally. The company focuses on delivering a diverse range of entertainment content, leveraging various media platforms to reach its audience.

ANYCOLOR, amidst a competitive tech landscape, is setting a brisk pace with its revenue projected to climb by 13.8% annually. This growth trajectory outstrips the broader Japanese market's forecast of 4.2% per year, highlighting the company's effective market penetration and innovation strategies. Particularly noteworthy is ANYCOLOR's commitment to research and development; last year alone, R&D expenses constituted a significant portion of their budget, underscoring an aggressive pursuit of technological advancement and product enhancement. Moreover, with earnings expected to increase by 14.5% annually—surpassing general market trends—ANYCOLOR exemplifies how strategic investments in technology can yield substantial returns despite prevailing industry challenges.

• Click to explore a detailed breakdown of our findings in ANYCOLOR's health report.

• Understand ANYCOLOR's track record by examining our Past report.

Summing It All Up

• Click through to start exploring the rest of the 1281 High Growth Tech and AI Stocks now.
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Interested In Other Possibilities?

• 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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