Stock Analysis

Exploring Three High Growth Tech Stocks in the United States

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The market has been flat over the last week but is up 32% over the past year, with earnings forecast to grow by 15% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and scalability potential in line with these optimistic earnings projections.

Top 10 High Growth Tech Companies In The United States

NameRevenue GrowthEarnings GrowthGrowth Rating
Super Micro Computer23.83%24.32%★★★★★★
Ardelyx25.24%69.64%★★★★★★
Sarepta Therapeutics24.00%42.51%★★★★★★
Alnylam Pharmaceuticals22.35%70.33%★★★★★★
Clene78.50%60.16%★★★★★★
TG Therapeutics34.66%56.98%★★★★★★
Alkami Technology21.89%98.60%★★★★★★
Travere Therapeutics31.70%72.51%★★★★★★
Seagen22.57%71.80%★★★★★★
ImmunoGen26.00%45.85%★★★★★★

Click here to see the full list of 246 stocks from our US High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Halozyme Therapeutics (NasdaqGS:HALO)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Halozyme Therapeutics, Inc. is a biopharma technology platform company that focuses on researching, developing, and commercializing proprietary enzymes and devices across the United States, Switzerland, Belgium, Japan, and internationally with a market cap of $6.13 billion.

Operations: Halozyme Therapeutics generates revenue primarily from the research, development, and commercialization of its proprietary enzymes, amounting to $947.36 million. The company operates in multiple international markets including the United States, Switzerland, Belgium, and Japan.

Halozyme Therapeutics, demonstrating a robust financial performance, reported a significant increase in Q3 2024 revenues to $290.08 million from $216.03 million the previous year, with net income surging to $137.01 million from $81.84 million. This growth trajectory is underscored by an ambitious expansion strategy, evidenced by its potential acquisition of Evotec SE for approximately $2.1 billion, signaling strategic moves to broaden its technological and market footprint significantly. Further illustrating its commitment to innovation and market leadership, Halozyme's R&D expenses have strategically aligned with its revenue growth trends, ensuring sustained development in high-stakes biotech sectors.

NasdaqGS:HALO Earnings and Revenue Growth as at Dec 2024
NasdaqGS:HALO Earnings and Revenue Growth as at Dec 2024

Endeavor Group Holdings (NYSE:EDR)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Endeavor Group Holdings, Inc. is a sports and entertainment company with operations in the United States, the United Kingdom, and internationally, and has a market capitalization of approximately $14.22 billion.

Operations: Endeavor generates revenue primarily through its Owned Sports Properties, which brought in $2.96 billion, and Events, Experiences & Rights segment with $2.53 billion. Representation services also contribute significantly to its income at $1.61 billion.

Endeavor Group Holdings, despite a challenging year with a net loss widening to $616.53 million from a previous profit of $342 million, continues to innovate within its diverse portfolio. The company's strategic review and potential divestiture of high-profile events like the Miami Open signal a reshaping strategy aimed at optimizing its asset base. Notably, R&D expenses have been crucial in supporting this transition, aligning closely with industry demands for continuous innovation and adaptation in the fast-evolving sectors of sports and entertainment. This focus on refining its operations while maintaining investment in growth areas underlines Endeavor’s proactive approach to navigating market dynamics and enhancing shareholder value over time.

NYSE:EDR Revenue and Expenses Breakdown as at Dec 2024
NYSE:EDR Revenue and Expenses Breakdown as at Dec 2024

Zeta Global Holdings (NYSE:ZETA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform offering consumer intelligence and marketing automation software to enterprises both in the United States and internationally, with a market cap of approximately $5.06 billion.

Operations: Zeta Global Holdings generates revenue primarily through its Internet Software & Services segment, which contributes $901.40 million. The company focuses on providing a cloud platform for consumer intelligence and marketing automation to enterprises globally.

Zeta Global Holdings, navigating through a turbulent period marked by legal challenges and allegations of financial discrepancies, has nonetheless shown resilience with a robust revenue growth forecast at 17.1% annually, outpacing the U.S. market's 8.9%. This growth is underpinned by significant R&D investments which have surged to support innovations despite current profitability challenges; earnings are expected to leap by 123.5% annually over the next few years. Amidst this backdrop, Zeta has committed to a $100 million share repurchase program, reinforcing confidence in its long-term value despite recent stock price volatility triggered by adverse reports and legal proceedings.

NYSE:ZETA Revenue and Expenses Breakdown as at Dec 2024
NYSE:ZETA Revenue and Expenses Breakdown as at Dec 2024

Summing It All Up

  • Click here to access our complete index of 246 US High Growth Tech and AI Stocks.
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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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