High Growth Tech Stocks To Watch In December 2024

As global markets navigate a landscape marked by mixed performances across major indices, high growth tech stocks have emerged as standout performers, with the S&P 500 and Nasdaq Composite hitting record highs while small-cap stocks like those in the Russell 2000 faced declines. In this environment, identifying promising tech stocks involves looking for companies that not only demonstrate robust growth potential but also exhibit resilience amid economic fluctuations and sector-specific trends.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Yggdrazil Group	30.20%	87.10%	★★★★★★
Ascelia Pharma	76.15%	47.16%	★★★★★★
Waystream Holding	22.09%	113.25%	★★★★★★
Pharma Mar	25.43%	56.19%	★★★★★★
CD Projekt	24.93%	27.00%	★★★★★★
TG Therapeutics	34.66%	56.98%	★★★★★★
Alkami Technology	21.94%	98.60%	★★★★★★
Initiator Pharma	73.95%	31.67%	★★★★★★
Elliptic Laboratories	70.09%	111.37%	★★★★★★
Travere Therapeutics	31.70%	72.51%	★★★★★★

Click here to see the full list of 1289 stocks from our High Growth Tech and AI Stocks screener.

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

Vercom (WSE:VRC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Vercom S.A. develops cloud communications platforms and has a market cap of PLN2.60 billion.

Operations: The company generates revenue primarily from its CPaaS segment, amounting to PLN462.07 million.

Vercom's trajectory in the tech sector is marked by robust growth, with earnings surging 50.3% over the past year, outpacing the software industry's average of 15.2%. This growth is underpinned by significant R&D investments, aligning with a revenue forecast that exceeds Poland's market average at 13.6% annually. Additionally, Vercom’s strategic focus on expanding its software solutions has led to a notable increase in sales to PLN 365.59 million from PLN 240.89 million year-over-year, reflecting strong market demand and effective execution. The company's forward-looking strategy is evident in its projected annual earnings growth of 21.9%, which also surpasses local market expectations of 14.6%. With a high Return on Equity (RoE) forecast at an impressive 22.8% over three years, Vercom is positioning itself as a dynamic player within tech innovation spheres—potentially reshaping competitive landscapes through technological advancements and customer-centric solutions.

• Dive into the specifics of Vercom here with our thorough health report.

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

Brockhaus Technologies (XTRA:BKHT)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Brockhaus Technologies AG is a private equity firm with a market capitalization of approximately €238.21 million.

Operations: The company generates revenue primarily from its HR Benefit & Mobility Platform and Security Technologies segments, contributing €184.13 million and €35.20 million, respectively.

Brockhaus Technologies is navigating the challenging waters of the tech industry with a forecasted revenue growth of 13.7% per year, outstripping the German market's average of 5.7%. Despite current unprofitability, the company is poised for a significant turnaround with earnings expected to surge by 115.9% annually, signaling robust future prospects. This growth trajectory is supported by Brockhaus's recent presentations at major forums such as Deutsches Eigenkapitalforum and Baader Investment Conference, underscoring its strategic initiatives to foster visibility and investor confidence in its evolving business model.

• Click here to discover the nuances of Brockhaus Technologies with our detailed analytical health report.

• Explore historical data to track Brockhaus Technologies' performance over time in our Past section.

PSI Software (XTRA:PSAN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: PSI Software SE specializes in creating and implementing software solutions to enhance energy and material flow efficiency for global utilities and industries, with a market cap of €325.25 million.

Operations: PSI Software SE generates revenue primarily through its Energy Management and Production Management segments, contributing €132.55 million and €134.45 million respectively. The company focuses on developing software solutions to optimize energy and material flows for utilities and industries worldwide.

Amidst a transformative phase, PSI Software has made significant strides in aligning its operations with future energy demands through the recent formation of the Grid & Energy Management (GEM) business unit. This strategic move, part of the PSI Reloaded program, consolidates various energy-related services, enhancing project flexibility and response times. Despite a challenging financial performance with a net loss reported in Q3 2024, PSI's commitment to innovation is evident in its R&D expenditures which are crucial for sustaining its 8.6% revenue growth forecast—outpacing Germany's average by nearly 3%. The company's focus on developing advanced control systems for energy sectors underlines its proactive approach to capturing emerging market opportunities and addressing complex regulatory environments.

• Delve into the full analysis health report here for a deeper understanding of PSI Software.

• Gain insights into PSI Software's past trends and performance with our Past report.

Summing It All Up

• Access the full spectrum of 1289 High Growth Tech and AI Stocks by clicking on this link.
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Searching for a Fresh Perspective?

• 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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