High Growth Tech Stocks To Watch In December 2024

As December 2024 unfolds, global markets are navigating a complex landscape with U.S. stocks experiencing moderate gains amidst fluctuating consumer confidence and economic indicators. In this environment, high growth tech stocks remain a focal point for investors seeking opportunities, as these companies often demonstrate resilience and innovation that can potentially thrive even when broader market conditions are mixed.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Seojin SystemLtd	35.41%	39.86%	★★★★★★
Yggdrazil Group	30.20%	87.10%	★★★★★★
eWeLLLtd	26.41%	28.82%	★★★★★★
Pharma Mar	25.43%	56.19%	★★★★★★
Medley	25.57%	31.67%	★★★★★★
Mental Health TechnologiesLtd	25.83%	113.12%	★★★★★★
CD Projekt	24.92%	27.00%	★★★★★★
Fine M-TecLTD	36.52%	131.08%	★★★★★★
Elliptic Laboratories	70.09%	111.37%	★★★★★★
JNTC	29.48%	104.37%	★★★★★★

Click here to see the full list of 1269 stocks from our High Growth Tech and AI Stocks screener.

Let's explore several standout options from the results in the screener.

Siglent TechnologiesLtd (SHSE:688112)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Siglent Technologies Ltd. is engaged in the research, development, production, sales, and servicing of electronic test and measurement equipment both in China and internationally, with a market cap of CN¥4.63 billion.

Operations: Siglent Technologies focuses on electronic test and measurement equipment, generating revenue primarily from sales in China and international markets. The company emphasizes research and development to enhance its product offerings.

Siglent Technologies, amidst a challenging year with earnings contraction of 19.7%, still projects an optimistic future with expected annual earnings growth at a robust 26.4%, surpassing the Chinese market's forecast of 25.5%. This growth trajectory is bolstered by significant R&D investments, aligning with its revenue increase from CNY 349.41 million to CNY 354.64 million over the past nine months, despite a dip in net income from CNY 119.02 million to CNY 91.65 million in the same period. The firm's commitment to innovation and development is evident as it continues to navigate through market fluctuations and maintain competitive momentum in the tech sector.

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

• Assess Siglent TechnologiesLtd's past performance with our detailed historical performance reports.

Wuxi Unicomp Technology (SHSE:688531)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Wuxi Unicomp Technology Co., Ltd. focuses on the research, development, manufacture, and sale of X-ray technology and intelligent detection equipment in China, with a market capitalization of CN¥5.56 billion.

Operations: Wuxi Unicomp Technology generates revenue primarily through the sale of X-ray technology and intelligent detection equipment. The company's operations are centered in China, where it invests in research and development to enhance its product offerings.

Wuxi Unicomp Technology has demonstrated a robust performance with a 20% increase in sales, reaching CNY 511.82 million this year, up from CNY 426.41 million previously, reflecting significant market traction. The company's net income also rose to CNY 105.03 million, marking a 30% growth which underscores its operational efficiency and market adaptability. Notably, the firm has actively repurchased shares worth CNY 103.2 million, signaling confidence in its financial health and future prospects while investing strategically in R&D to fuel ongoing innovation and maintain its competitive edge in the tech landscape.

• Delve into the full analysis health report here for a deeper understanding of Wuxi Unicomp Technology.

• Understand Wuxi Unicomp Technology's track record by examining our Past report.

Shoper (WSE:SHO)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Shoper SA offers Software as a Service solutions for e-commerce in Poland, with a market capitalization of PLN1.12 billion.

Operations: Shoper SA generates revenue primarily through its Solutions segment, contributing PLN141.44 million, and Subscriptions, adding PLN39.87 million. The company's focus on Software as a Service for e-commerce highlights its strategic emphasis on scalable digital solutions in Poland.

Shoper S.A. has been making significant strides in the tech sector, with a notable 26.6% forecast in annual earnings growth, outpacing the broader Polish market's 16.2%. This growth is supported by a robust increase in revenue to PLN 137.67 million from PLN 108.96 million year-over-year and an impressive rise in net income to PLN 23.64 million from PLN 17.14 million, reflecting strong operational execution and market demand for its offerings. The company's recent preliminary agreement to acquire a substantial stake in itself underscores strategic expansion efforts and confidence in sustained growth, further bolstered by its high-quality earnings and superior return on equity projections at an anticipated 55.2% within three years.

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

• Explore historical data to track Shoper's performance over time in our Past section.

Key Takeaways

• Investigate our full lineup of 1269 High Growth Tech and AI Stocks right here.
• 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.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com