Stock Analysis

Exploring High Growth Tech Stocks in the United States

NasdaqCM:VRRM
Source: Shutterstock

The market remained flat over the last week but is up 23% over the past year, with earnings forecast to grow by 15% annually. In this context, identifying high growth tech stocks involves looking for companies with strong innovation potential and robust financial health that can capitalize on these favorable conditions.

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%★★★★★★
Alkami Technology21.99%102.65%★★★★★★
TG Therapeutics29.87%43.91%★★★★★★
Bitdeer Technologies Group50.44%122.48%★★★★★★
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 229 stocks from our US High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Verra Mobility (NasdaqCM:VRRM)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Verra Mobility Corporation offers smart mobility technology solutions and services across the United States, Australia, Canada, and Europe, with a market capitalization of approximately $4.40 billion.

Operations: The company generates revenue through three main segments: Parking Solutions ($83.45 million), Commercial Services ($403.56 million), and Government Solutions ($381.71 million).

Verra Mobility has demonstrated robust financial performance with a notable 23% earnings growth over the past year, surpassing the Professional Services industry average of 9.8%. This growth trajectory is complemented by their strategic increase in buyback authorization to $200 million, signaling confidence in their financial health and future prospects. Moreover, their recent presentations at high-profile conferences underscore their active engagement with investors and commitment to transparency. While Verra's annual revenue growth rate of 6.5% trails the broader US market's 9%, its significant earnings forecast of an annual increase of 23.5% positions it well for sustained profitability. These elements collectively highlight Verra Mobility’s potential within the competitive tech landscape despite some market challenges.

NasdaqCM:VRRM Revenue and Expenses Breakdown as at Jan 2025
NasdaqCM:VRRM Revenue and Expenses Breakdown as at Jan 2025

ImmunityBio (NasdaqGS:IBRX)

Simply Wall St Growth Rating: ★★★★★☆

Overview: ImmunityBio, Inc. is a clinical-stage biotechnology company focused on developing therapies and vaccines to enhance the natural immune system against cancers and infectious diseases, with a market cap of approximately $2.31 billion.

Operations: The company generates revenue primarily from its biotechnology segment, amounting to $7.33 million. As a clinical-stage entity, it focuses on advancing therapies and vaccines designed to strengthen the immune system's response to cancer and infectious diseases.

ImmunityBio, Inc. is poised for significant growth with a forecasted annual revenue increase of 56.1%, outpacing the US market's average of 9%. This surge is anchored by its innovative cancer treatment ANKTIVA, which has shown promising results in clinical trials and received FDA approval in 2024 for specific bladder cancer treatments. The company's dedication to R&D is evident as it continues to expand its therapeutic offerings, with recent successful submissions to European and UK health authorities potentially broadening its market reach. Moreover, ImmunityBio's strategic collaborations aim to enhance clinical trial efficiencies and patient access to necessary treatments, positioning it well within the biotech sector despite current unprofitability and market volatility.

NasdaqGS:IBRX Earnings and Revenue Growth as at Jan 2025
NasdaqGS:IBRX Earnings and Revenue Growth as at Jan 2025

Kiniksa Pharmaceuticals International (NasdaqGS:KNSA)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kiniksa Pharmaceuticals International, plc is a biopharmaceutical company dedicated to discovering, acquiring, developing, and commercializing therapeutic medicines for patients with debilitating diseases that have significant unmet medical needs globally, with a market cap of $1.45 billion.

Operations: Kiniksa Pharmaceuticals generates revenue primarily from developing and delivering therapeutic medicines, amounting to $384.10 million. The company focuses on addressing significant unmet medical needs in debilitating diseases worldwide.

Kiniksa Pharmaceuticals International, despite its current unprofitability, is navigating a path toward significant financial improvement with an anticipated shift to profitability within three years. Recent presentations at high-profile healthcare conferences underscore the company's active engagement in the industry and its commitment to growth. Notably, Kiniksa's revenue guidance for 2025 projects earnings between $560 million and $580 million, reflecting confidence in their operational strategy and market positioning. This outlook is bolstered by a robust annual revenue growth rate of 15.8%, outperforming the US market average of 9%. Additionally, earnings are expected to surge by an impressive 46.54% annually, illustrating potential for substantial financial health improvement and shareholder value creation in the near future.

NasdaqGS:KNSA Earnings and Revenue Growth as at Jan 2025
NasdaqGS:KNSA Earnings and Revenue Growth as at Jan 2025

Next Steps

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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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About NasdaqCM:VRRM

Verra Mobility

Provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe.

Reasonable growth potential with acceptable track record.

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