High Growth Tech Stocks To Watch In November 2024

In the wake of recent market fluctuations, global indices such as the S&P 500 and Nasdaq Composite have experienced notable declines, reflecting investor caution amid uncertainty surrounding policy shifts under the incoming Trump administration. As inflation data and interest rate expectations continue to shape market sentiment, identifying high-growth tech stocks with robust fundamentals and innovative potential becomes crucial for investors seeking opportunities in a dynamic environment.

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%	★★★★★★
Seojin SystemLtd	33.54%	52.43%	★★★★★★
Pharma Mar	25.97%	56.89%	★★★★★★
Medley	25.57%	31.67%	★★★★★★
Mental Health TechnologiesLtd	27.88%	79.61%	★★★★★★
JNTC	20.52%	57.26%	★★★★★★
Alkami Technology	21.89%	98.60%	★★★★★★
UTI	114.97%	134.60%	★★★★★★

Click here to see the full list of 1296 stocks from our High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

UTI (KOSDAQ:A179900)

Simply Wall St Growth Rating: ★★★★★★

Overview: UTI Inc. is involved in the research, development, manufacture, and sale of smartphone camera windows and sensor glasses both in South Korea and internationally, with a market cap of ₩385.26 billion.

Operations: UTI Inc. generates revenue primarily from the sale of electronic components and parts, amounting to ₩19.97 billion. The company's focus on smartphone camera windows and sensor glasses suggests a specialized niche within the electronics sector.

UTI has been navigating a highly volatile market, with its share price experiencing significant fluctuations over the past three months. Despite this, the company's future looks promising with an expected revenue growth of 115% per year, outpacing the broader KR market's forecast of 9.3%. Furthermore, earnings are projected to surge by 134.6% annually. This robust financial outlook is underpinned by UTI's aggressive investment in R&D, crucial for maintaining its competitive edge in the swiftly evolving tech landscape. The firm's strategic focus on innovation is not just about keeping pace but setting industry benchmarks, as evidenced by their anticipated return on equity hitting a remarkable 106.2% in three years.

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

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

Knowit (OM:KNOW)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Knowit AB (publ) is a consultancy company that focuses on developing digital solutions and has a market capitalization of SEK3.58 billion.

Operations: Knowit AB operates through distinct segments, with Solutions being the largest revenue contributor at SEK3.80 billion, followed by Experience and Connectivity generating SEK1.35 billion and SEK0.98 billion, respectively. The company specializes in creating digital solutions across various sectors.

Knowit, despite its modest annual revenue growth of 1.1%, is poised for a significant earnings surge, projected at 35.5% per year, outstripping the Swedish market's average. This growth trajectory is bolstered by strategic R&D investments that align with industry shifts towards more integrated tech solutions. Recent executive changes signal a pivotal era ahead, potentially invigorating Knowit’s governance structure as it navigates these promising financial and operational dynamics into 2025.

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

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

Vector (TSE:6058)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vector Inc. operates in public relations, advertising, press release and video distribution, direct marketing, media, investment, and human resources sectors across Japan, China, and internationally with a market cap of ¥44.23 billion.

Operations: Vector Inc. generates revenue primarily from its diverse operations in PR and advertising, press release and video distribution, direct marketing, media, investment, and human resources sectors. The company operates across Japan, China, and internationally.

Vector Inc. is navigating a challenging yet promising landscape, with its earnings forecast to grow by 9.6% annually, outpacing the Japanese market's average of 7.7%. This growth is underpinned by a robust R&D commitment that has propelled earnings up by an impressive 135% over the past year alone, reflecting a dynamic alignment with evolving market demands. Despite revising its fiscal year sales projections slightly downward to JPY 61 billion, Vector remains optimistic about enhancing shareholder returns, evidenced by a recent uptick in its dividend policy to JPY 32 per share from JPY 31. This strategic financial management coupled with aggressive R&D spending positions Vector uniquely within the tech sector as it aims to sustain and possibly accelerate its growth trajectory amidst fluctuating economic conditions.

• Click here and access our complete health analysis report to understand the dynamics of Vector.

• Examine Vector's past performance report to understand how it has performed in the past.

Taking Advantage

• Click this link to deep-dive into the 1296 companies within our High Growth Tech and AI Stocks screener.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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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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