Top High Growth Tech Stocks To Watch In September 2024

As global markets grapple with economic slowdown concerns and significant declines in key indices like the S&P 500, investors are increasingly cautious about their next moves. Despite these challenges, high-growth tech stocks continue to attract attention due to their potential for substantial returns, especially in an environment where innovation and technological advancements remain pivotal. Identifying a good stock often involves looking at companies that demonstrate strong fundamentals, robust growth potential, and resilience amid market volatility—qualities that are particularly relevant given the current economic climate.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Clinuvel Pharmaceuticals	22.41%	27.42%	★★★★★★
Seojin SystemLtd	33.61%	52.05%	★★★★★★
Medley	24.98%	30.36%	★★★★★★
Scandion Oncology	40.71%	75.34%	★★★★★★
KebNi	34.75%	86.11%	★★★★★★
Adveritas	57.98%	144.21%	★★★★★★
Ascendis Pharma	39.71%	68.43%	★★★★★★
Adocia	59.08%	63.00%	★★★★★★
Travere Therapeutics	26.72%	68.41%	★★★★★★
UTI	114.97%	134.61%	★★★★★★

Click here to see the full list of 1285 stocks from our High Growth Tech and AI Stocks screener.

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

Saudi Research and Media Group (SASE:4210)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Saudi Research and Media Group operates as a publishing company, engaging in trading, media, advertising, promotions, distribution, printing and publishing, and public relations across Europe, North America, Africa, Asia, the Middle East, and North Africa with a market cap of SAR21.12 billion.

Operations: Saudi Research and Media Group generates revenue primarily from Publishing, Visual, and Digital Content (SAR2.27 billion) and Public Relations and Advertisements (SAR1.10 billion). The company also earns from Printing and Packaging (SAR737.69 million), with a market cap of SAR21.12 billion.

Saudi Research and Media Group (SRMG) has shown mixed performance, with second-quarter sales at SAR 850.53 million, a drop from SAR 974.85 million last year. Despite a net income of SAR 81.41 million compared to SAR 181.61 million previously, the firm is poised for growth with forecasted earnings increasing by 26.8% annually and revenue expected to rise by 16.4% per year, outpacing the SA market's modest growth rate of 1%. Additionally, SRMG's recent three-year contract worth an annual value of SAR 240 million highlights its strong client relationships and potential for future revenue streams in media services and international content production.

• Click here to discover the nuances of Saudi Research and Media Group with our detailed analytical health report.

• Assess Saudi Research and Media Group's past performance with our detailed historical performance reports.

B-SOFTLtd (SZSE:300451)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: B-SOFT Co., Ltd. operates in the medical and health industry in China with a market cap of CN¥5 billion.

Operations: B-SOFT Ltd. specializes in the medical and health industry in China. The company's revenue streams include software development, system integration, and IT services tailored for healthcare institutions.

B-SOFT Ltd. has reported a revenue increase to ¥726.74 million for the half-year ending June 30, 2024, up from ¥704.39 million last year, reflecting steady growth in its operations. With earnings forecasted to grow at an impressive 54.7% per year and revenue expected to rise by 17.4%, the company shows strong potential relative to the broader CN market's projected growth of 13.2%. Despite being removed from several Shenzhen Stock Exchange indices, B-SOFT's focus on healthcare software solutions positions it well for future expansion in this critical sector.

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

• Gain insights into B-SOFTLtd's past trends and performance with our Past report.

Nayax (TASE:NYAX)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Nayax Ltd. is a fintech company that provides a payment platform and system for retailers across the United States, Europe, the United Kingdom, Australia, Israel, and other regions with a market cap of ₪3.30 billion.

Operations: Nayax Ltd. generates revenue primarily from its Internet Software and Services segment, amounting to $268.97 million. The company operates across various regions, including the United States, Europe, the United Kingdom, Australia, and Israel.

Nayax, a leader in the automated self-service space, is expected to see revenue growth of 29% annually, outpacing the IL market's modest 1.5%. Despite current unprofitability and shareholder dilution over the past year, earnings are projected to surge by 108.51% per year, with profitability anticipated within three years. Recent R&D expenses have been significant at $12 million for H1 2024, reflecting their commitment to innovation like EV CloudPay—a cloud-based payment solution simplifying transactions at EV charging stations.

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

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

Seize The Opportunity

• Click this link to deep-dive into the 1285 companies within our High Growth Tech and AI Stocks screener.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

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