Exploring High Growth Tech Stocks In November 2024

As global markets show resilience with U.S. indexes approaching record highs and smaller-cap indexes outperforming large-caps, investors are closely watching economic indicators such as jobless claims and home sales that suggest a strengthening labor market and housing demand. In this context, exploring high-growth tech stocks can be particularly appealing, as these companies often thrive in environments where innovation drives broad-based gains across sectors.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Material Group	20.45%	24.01%	★★★★★★
Pharma Mar	25.97%	56.89%	★★★★★★
Ascelia Pharma	76.15%	47.16%	★★★★★★
Waystream Holding	22.46%	109.25%	★★★★★★
JNTC	20.52%	57.26%	★★★★★★
TG Therapeutics	34.66%	56.48%	★★★★★★
Elliptic Laboratories	65.73%	103.55%	★★★★★★
Alkami Technology	21.89%	98.60%	★★★★★★
Alnylam Pharmaceuticals	22.45%	70.66%	★★★★★★
Travere Therapeutics	31.70%	72.51%	★★★★★★

Click here to see the full list of 1300 stocks from our High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

Hancom (KOSDAQ:A030520)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Hancom Inc. is a company that develops and sells office software products and solutions both in South Korea and internationally, with a market cap of ₩558.36 billion.

Operations: Hancom generates revenue primarily through the sale of office software products and solutions. The company operates both domestically in South Korea and internationally, leveraging its expertise in software development to cater to a diverse customer base.

Despite a challenging environment, Hancom has demonstrated robust financial agility with an impressive 34.1% forecasted annual earnings growth, outpacing the broader Korean market's 28.4%. This growth is underpinned by significant R&D investments, which have fueled innovations crucial for maintaining competitive advantage in the rapidly evolving tech landscape. Moreover, Hancom's strategic focus on expanding its software solutions portfolio aligns well with industry shifts towards SaaS models, ensuring sustainable revenue streams. However, investors should note a substantial one-off loss of ₩61 billion last year that impacted financial results but consider the strong recovery trajectory indicated by an 81.7% surge in earnings over the past year and positive free cash flow dynamics.

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

• Evaluate Hancom's historical performance by accessing our past performance report.

Solus Advanced Materials (KOSE:A336370)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Solus Advanced Materials Co., Ltd. operates by providing materials and solutions across South Korea, Europe, and international markets with a market cap of ₩691.99 billion.

Operations: Solus Advanced Materials Co., Ltd. focuses on delivering advanced materials and solutions across various regions, including South Korea and Europe. The company's operations are supported by a market capitalization of ₩691.99 billion, reflecting its scale in the industry.

Solus Advanced Materials, amid a challenging backdrop, has shown resilience with its revenue surging by 27.1% year-on-year, signaling robust market demand. This growth trajectory is notably supported by a strategic emphasis on R&D, which accounted for a significant portion of expenditures aimed at propelling next-generation tech developments. Despite reporting a net loss recently due to substantial shifts in market dynamics, the firm's aggressive push in innovation and R&D—marked by an expected annual profit growth of 120.5%—positions it well for future recovery and competitiveness in the high-stakes tech arena. Key presentations at industry conferences underscore its active engagement with evolving sector trends, potentially enhancing its client relationships and business prospects.

• Click here to discover the nuances of Solus Advanced Materials with our detailed analytical health report.

• Gain insights into Solus Advanced Materials' historical performance by reviewing our past performance report.

Quanta Computer (TWSE:2382)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Quanta Computer Inc. is a global manufacturer and seller of notebook computers with a market capitalization of NT$1.14 trillion.

Operations: Quanta Computer generates revenue primarily from its Electronics Sector, which contributes NT$2.78 billion. The company operates across Asia, the Americas, and Europe, focusing on the manufacture and sale of notebook computers.

Quanta Computer, demonstrating a robust growth trajectory, reported a significant revenue surge to TWD 993.44 billion over nine months, up from TWD 797.71 billion in the previous year. This growth is complemented by an increase in net income to TWD 43.83 billion, reflecting a strong operational performance and market positioning. The company's commitment to innovation is evident from its R&D spending trends which have strategically focused on enhancing technological capabilities and maintaining competitive advantage in the tech industry. Recently at the Morgan Stanley Asia Pacific Summit, Quanta highlighted these advancements which are expected to drive future growth, underscoring its proactive approach in navigating the tech landscape amidst evolving industry demands.

• Navigate through the intricacies of Quanta Computer with our comprehensive health report here.

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

Where To Now?

• Unlock our comprehensive list of 1300 High Growth Tech and AI Stocks by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Looking For Alternative Opportunities?

• 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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