Three High Growth Tech Stocks To Watch Closely

Amid recent global market dynamics, the technology-heavy Nasdaq Composite has reached a record high, even as most other major stock indexes have declined. With growth stocks continuing to outperform value stocks, investors are keenly observing the tech sector for opportunities that align with evolving economic conditions and potential interest rate changes. In this context, identifying high growth tech stocks involves looking for companies with strong innovation capabilities and resilience in fluctuating markets.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Material Group	20.45%	24.01%	★★★★★★
Seojin SystemLtd	35.41%	39.86%	★★★★★★
Yggdrazil Group	30.20%	87.10%	★★★★★★
eWeLLLtd	27.24%	28.74%	★★★★★★
Medley	25.57%	31.67%	★★★★★★
Pharma Mar	25.43%	56.19%	★★★★★★
Mental Health TechnologiesLtd	25.83%	113.12%	★★★★★★
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 1316 stocks from our High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

Lime Technologies (OM:LIME)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Lime Technologies AB (publ) offers software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region, with a market capitalization of SEK4.62 billion.

Operations: The company generates revenue primarily through selling and implementing CRM systems, totaling SEK656.49 million.

Lime Technologies has been demonstrating robust financial health, underscored by a 13.5% annual revenue growth and an even more impressive 23.6% forecasted annual profit growth, outpacing the Swedish market's average. This growth trajectory is supported by significant R&D investments, crucial for sustaining innovation and competitive edge in the software industry. Recent earnings reports show a solid upward trend with third-quarter net income rising to SEK 21.41 million from SEK 18.13 million year-over-year, reflecting strong operational execution and market demand for their offerings. The recent restructuring of its nomination committee could further enhance governance, potentially driving future strategic initiatives that capitalize on evolving technology landscapes.

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

• Assess Lime Technologies' past performance with our detailed historical performance reports.

Taiwan Printed Circuit Board TechvestLtd (TWSE:8213)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Taiwan Printed Circuit Board Techvest Co., Ltd. is a manufacturing service company that focuses on producing, processing, and selling electronic components and printed circuit boards across China, Hong Kong, Taiwan, Singapore, and internationally with a market cap of NT$9.40 billion.

Operations: The company generates revenue primarily from its electronic components and printed circuit boards segment, amounting to NT$17.83 billion. It operates in various international markets, including China, Hong Kong, Taiwan, and Singapore.

Taiwan Printed Circuit Board Techvest Co., Ltd. faces challenges in a competitive sector, evidenced by a year-over-year decline in quarterly sales and net income, yet maintains robust future growth prospects with anticipated revenue and earnings growth of 11.5% and 23.3% per year, respectively—outpacing the broader Taiwanese market significantly. The company's commitment to R&D is underscored by its strategic focus on innovation to stay ahead in the fast-evolving tech landscape, a critical move given recent financial pressures highlighted in their latest earnings report for Q3 2024. This approach could bolster their position against industry headwinds and capitalize on emerging opportunities within the electronics sector.

• Click to explore a detailed breakdown of our findings in Taiwan Printed Circuit Board TechvestLtd's health report.

• Understand Taiwan Printed Circuit Board TechvestLtd's track record by examining our Past report.

BenQ Materials (TWSE:8215)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BenQ Materials Corporation is a Taiwanese company that specializes in the manufacturing and sale of film sheet products, with a market capitalization of approximately NT$9.84 billion.

Operations: The company's revenue is primarily derived from two segments: Functional Film, generating NT$12.26 billion, and Medical products, contributing NT$5.23 billion.

BenQ Materials, amid a challenging quarter with sales dipping to TWD 4,488.22 million from TWD 4,602.3 million year-over-year, still projects robust annual earnings growth at an impressive rate of 108%. This growth trajectory is supported by strategic R&D investments aimed at innovation in material sciences—a sector critical to advancements in tech applications. Despite a recent downturn in net income to TWD 44.48 million from TWD 186.84 million, the company's focus on high-margin products and expanding its technological footprint underscores its potential resilience and adaptability in the fast-evolving tech landscape.

• Take a closer look at BenQ Materials' potential here in our health report.

• Review our historical performance report to gain insights into BenQ Materials''s past performance.

Seize The Opportunity

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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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