Stock Analysis

High Growth Tech Stocks To Explore This November 2024

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As global markets navigate the uncertainties of the incoming Trump administration and fluctuating economic indicators, investors are closely watching the impact on key indices like the S&P 500 and Nasdaq Composite, which have seen significant changes in recent weeks. In this dynamic environment, identifying high-growth tech stocks requires a focus on companies with robust innovation capabilities and resilience to policy shifts that could affect their growth trajectories.

Top 10 High Growth Tech Companies

NameRevenue GrowthEarnings GrowthGrowth Rating
Material Group20.45%24.01%★★★★★★
Yggdrazil Group24.66%85.53%★★★★★★
eWeLLLtd26.52%27.53%★★★★★★
Seojin SystemLtd33.54%52.43%★★★★★★
Medley25.57%31.67%★★★★★★
Pharma Mar26.94%56.39%★★★★★★
Mental Health TechnologiesLtd27.88%79.61%★★★★★★
Elliptic Laboratories65.73%103.55%★★★★★★
Alkami Technology21.89%98.60%★★★★★★
UTI114.97%134.60%★★★★★★

Click here to see the full list of 1297 stocks from our High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Seegene (KOSDAQ:A096530)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Seegene, Inc. is a global manufacturer and seller of molecular diagnostics products with a market cap of ₩1.01 trillion.

Operations: Seegene, Inc. generates revenue through the global sale of its molecular diagnostics products.

Seegene's recent strategic alliances and product developments underscore its innovative edge in the high-tech diagnostics field. The company has turned a corner financially, transitioning from a net loss to reporting substantial gains with a net income of KRW 23.64 billion over nine months, up from a previous loss, reflecting a significant recovery and growth trajectory. This resurgence is mirrored in their R&D commitment, where they've increased expenditure to further refine their real-time PCR technology—a move that not only enhances their product suite but also positions them well within the biotech sector's evolving demands. Moreover, Seegene's partnership with Werfen aims to expand its footprint in Europe’s IVD market through the newly formed Werfen-Seegene entity in Spain, expected to be operational by mid-2025. This strategic move could potentially amplify Seegene’s market share and bolster its global presence by leveraging local expertise and infrastructure to meet specific regional health challenges.

KOSDAQ:A096530 Revenue and Expenses Breakdown as at Nov 2024
KOSDAQ:A096530 Revenue and Expenses Breakdown as at Nov 2024

Intellect Design Arena (NSEI:INTELLECT)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Intellect Design Arena Limited specializes in software development and related services for the banking, insurance, and financial services sectors both in India and internationally, with a market capitalization of ₹991.27 billion.

Operations: Intellect Design Arena generates revenue primarily from software product licenses and related services, amounting to ₹24.12 billion. The company operates within the banking, insurance, and financial services sectors across India and internationally.

Intellect Design Arena is navigating a challenging landscape with a notable 24.6% forecasted annual earnings growth, outpacing the Indian market's 18.1%. Despite a recent dip in quarterly revenue to INR 5.87 billion from INR 6.32 billion year-over-year and net income falling to INR 528 million from INR 704 million, the company's strategic initiatives like its partnership with National Bank of Fujairah highlight its push towards digital transformation in banking through AI and cloud services. This alignment with technological advancements, especially in AI-driven platforms for transaction banking, underscores Intellect's commitment to innovation and sector leadership amidst evolving industry dynamics.

NSEI:INTELLECT Revenue and Expenses Breakdown as at Nov 2024
NSEI:INTELLECT Revenue and Expenses Breakdown as at Nov 2024

Japan Business Systems (TSE:5036)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Japan Business Systems, Inc. specializes in cloud integration and related services with a market capitalization of ¥43.13 billion.

Operations: The company focuses on cloud integration services, contributing significantly to its revenue streams. With a market capitalization of ¥43.13 billion, it operates primarily in the technology sector.

Japan Business Systems, despite facing investor activism challenges on November 8, 2024, remains committed to balancing dividends with growth investments. With a projected annual earnings growth of 46.9%, significantly outpacing the Japanese market's forecast of 7.8%, the company is poised for substantial expansion. However, its revenue growth projection at 8.2% annually lags behind the more aggressive sector benchmarks but still exceeds the domestic market prediction of 4.1%. This nuanced financial landscape underscores Japan Business Systems' strategic focus on sustainable value enhancement while navigating shareholder expectations and market dynamics effectively.

TSE:5036 Revenue and Expenses Breakdown as at Nov 2024
TSE:5036 Revenue and Expenses Breakdown as at Nov 2024

Taking Advantage

  • Click this link to deep-dive into the 1297 companies within our High Growth Tech and AI Stocks screener.
  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
  • Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

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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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