Stock Analysis

High Growth Tech Stocks To Watch In January 2025

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In the last week, the United States market has stayed flat, yet it is up 24% over the past year with earnings forecasted to grow by 15% annually. In this context of robust growth and steady performance, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability in a rapidly evolving sector.

Top 10 High Growth Tech Companies In The United States

NameRevenue GrowthEarnings GrowthGrowth Rating
Super Micro Computer24.36%24.28%★★★★★★
Ardelyx21.46%54.72%★★★★★★
AVITA Medical33.20%51.87%★★★★★★
TG Therapeutics29.87%43.91%★★★★★★
Bitdeer Technologies Group51.06%122.94%★★★★★★
Alkami Technology21.99%102.65%★★★★★★
Clene61.16%59.11%★★★★★★
Alnylam Pharmaceuticals21.37%56.70%★★★★★★
Blueprint Medicines23.25%55.27%★★★★★★
Travere Therapeutics30.46%62.13%★★★★★★

Click here to see the full list of 233 stocks from our US High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Ardelyx (NasdaqGM:ARDX)

Simply Wall St Growth Rating: ★★★★★★

Overview: Ardelyx, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing medicines for gastrointestinal and cardiorenal therapeutic areas in the United States and internationally, with a market cap of approximately $1.30 billion.

Operations: The company generates revenue primarily through the development and commercialization of biopharmaceutical products, amounting to $251.85 million. Ardelyx operates within the gastrointestinal and cardiorenal therapeutic sectors both domestically and internationally.

Ardelyx, despite its current unprofitable status, is positioned for significant growth with expected annual revenue increases of 21.5% and earnings forecasted to surge by 54.72% per year. This growth trajectory is bolstered by strategic leadership changes and active participation in key industry conferences, signaling a robust engagement with market trends and investor communities. Moreover, recent executive appointments and substantial conference presentations underscore a proactive approach in steering the company towards profitability within three years, supported by a strong projected return on equity of 52.7%. These elements collectively highlight Ardelyx's dynamic adaptation to market demands and its potential ascent in the biotech sector.

NasdaqGM:ARDX Revenue and Expenses Breakdown as at Jan 2025

Grindr (NYSE:GRND)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Grindr Inc. operates a social network and dating application catering to LGBTQ communities globally, with a market capitalization of approximately $3.15 billion.

Operations: The company generates revenue primarily through its Internet Information Providers segment, which reported $319.10 million. Its business model focuses on monetizing its platform by offering premium subscriptions and in-app purchases to users worldwide.

Grindr's trajectory in the high-growth tech landscape is marked by an impressive revenue forecast, expecting a 19.3% annual increase, outpacing the US market average of 8.9%. This growth is underpinned by robust product innovation, including a series of ambitious launches aimed at enhancing user engagement through AI personalization and expanded travel features. Despite current unprofitability and significant insider selling over the past three months, Grindr's strategic focus on direct ad sales and subscription models has led to an upward revision in its 2024 revenue projections to $343-$345 million, reflecting a year-over-year growth of 32%-33%. These developments suggest that Grindr is effectively capitalizing on niche market opportunities within the interactive media and services industry, positioning itself for profitability within three years amidst dynamic market conditions.

NYSE:GRND Revenue and Expenses Breakdown as at Jan 2025

Q2 Holdings (NYSE:QTWO)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Q2 Holdings, Inc. offers cloud-based digital solutions tailored for regional and community financial institutions across the United States, with a market capitalization of approximately $5.65 billion.

Operations: Q2 Holdings, Inc. generates revenue primarily through the sale, implementation, and support of its digital solutions, totaling $675.54 million. The company focuses on serving regional and community financial institutions across the United States with its cloud-based offerings.

Q2 Holdings is capitalizing on strategic partnerships and client growth to enhance its digital banking solutions, notably through its recent collaboration with Alloy to combat fraud, a critical concern as financial institutions lost over $1 million to fraud last year. This partnership integrates Q2's data with Alloy's decision engine, enhancing real-time risk assessments in digital banking—a move that not only addresses security but also improves user experience by distinguishing genuine customers from fraudulent activities. Additionally, enabling 4Front Credit Union to transform its digital platform has significantly increased member engagement and loan volume by $60 million annually, showcasing Q2’s ability to drive client growth through technological innovation. These developments underscore Q2’s commitment to advancing digital banking technology amidst increasing market demands for robust online financial services.

NYSE:QTWO Revenue and Expenses Breakdown as at Jan 2025

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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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