Yahoo Finance High Growth Tech Stocks To Watch In September 2024
The market has stayed flat over the past 7 days but has risen 23% in the past 12 months, with earnings expected to grow by 15% per annum over the next few years. In this environment, identifying high growth tech stocks that can capitalize on these trends is crucial for investors looking to maximize their returns.
Top 10 High Growth Tech Companies In The United States
Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
TG Therapeutics | 28.62% | 43.05% | ★★★★★★ |
Sarepta Therapeutics | 24.22% | 44.94% | ★★★★★★ |
Super Micro Computer | 20.62% | 27.13% | ★★★★★★ |
Ardelyx | 27.44% | 65.50% | ★★★★★★ |
G1 Therapeutics | 27.57% | 57.75% | ★★★★★★ |
Invivyd | 42.91% | 70.39% | ★★★★★★ |
Amicus Therapeutics | 20.45% | 61.85% | ★★★★★★ |
Clene | 73.06% | 62.58% | ★★★★★★ |
Seagen | 22.57% | 71.80% | ★★★★★★ |
ImmunoGen | 26.00% | 45.85% | ★★★★★★ |
Click here to see the full list of 249 stocks from our US High Growth Tech and AI Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Soleno Therapeutics
Simply Wall St Growth Rating: ★★★★★☆
Overview: Soleno Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing and commercializing novel therapeutics for rare diseases, with a market cap of $1.90 billion.
Operations: Soleno Therapeutics focuses on developing and commercializing novel therapeutics for rare diseases. The company is currently in the clinical stage and does not yet generate revenue.
Soleno Therapeutics has been making significant strides in the biotech sector, with its recent FDA acceptance for DCCR's New Drug Application targeting Prader-Willi syndrome. The company's R&D expenses reflect a commitment to innovation, with $21.85 million reported as net loss in Q2 2024, compared to $8.48 million last year. Forecasts indicate an impressive 68.16% annual earnings growth and a revenue increase of 64.5% per year, suggesting strong future prospects despite current unprofitability.
Dive into the specifics of Soleno Therapeutics here with our thorough health report.
Understand Soleno Therapeutics' track record by examining our Past report.
ACADIA Pharmaceuticals
Simply Wall St Growth Rating: ★★★★★☆
Overview: ACADIA Pharmaceuticals Inc. is a biopharmaceutical company dedicated to developing and commercializing innovative medicines for central nervous system disorders and rare diseases in the United States, with a market cap of $2.75 billion.
Operations: ACADIA Pharmaceuticals generates revenue primarily from the development and commercialization of innovative medicines, amounting to $890.53 million. The company focuses on addressing unmet medical needs in central nervous system disorders and rare diseases within the United States.
ACADIA Pharmaceuticals has demonstrated notable progress with a 46.47% increase in Q2 revenue to $241.96 million and a significant rise in net income to $33.39 million from $1.11 million the previous year. The company's R&D expenses, crucial for its innovative treatments like DAYBUE™ for Rett syndrome, were substantial but strategically justified, contributing to its robust earnings growth of 41.7% annually—outpacing the US market's 15%. With revised full-year revenue guidance between $930 million and $980 million, ACADIA's commitment to advancing biotech solutions remains evident despite industry challenges.
Guidewire Software
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Guidewire Software, Inc. offers a comprehensive platform for property and casualty insurers globally and has a market cap of $12.30 billion.
Operations: The company generates its revenue primarily through its software and programming segment, which brought in $958.94 million. With a focus on providing solutions to property and casualty insurers, Guidewire Software supports its clients with a robust technological platform tailored to industry needs.
Guidewire Software has shown a consistent focus on innovation, particularly through its recent product announcements like the HazardHub Enhanced Wildfire Score and the Kufri cloud update. The company’s R&D expenses, accounting for 11.0% of revenue, underscore its commitment to technological advancement. Guidewire's revenue grew by 16% year-over-year to $688.98 million for the nine months ending April 30, 2024, with earnings forecasted to grow at an impressive rate of 46.1%. Additionally, Guidewire repurchased shares worth $261.45 million in the past year, reflecting confidence in its strategic direction and financial health.
Click here to discover the nuances of Guidewire Software with our detailed analytical health report.
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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.
Companies discussed in this article include NasdaqCM:SLNO NasdaqGS:ACAD and NYSE:GWRE.
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