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High Growth Tech Stocks To Watch For Potential Robust Returns

Recent market activity has seen U.S. stocks rebound significantly, with growth stocks, particularly in the technology sector, outpacing value shares. This resurgence is driven by positive sentiment from key investment conferences and strong performances from tech giants like NVIDIA. In light of these developments, identifying high-growth tech stocks that can potentially offer robust returns involves looking for companies with strong fundamentals and innovative capabilities that align well with current market dynamics.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

TG Therapeutics

28.39%

43.54%

★★★★★★

Sarepta Therapeutics

23.58%

44.12%

★★★★★★

Seojin SystemLtd

33.61%

52.05%

★★★★★★

Scandion Oncology

40.71%

75.34%

★★★★★★

G1 Therapeutics

27.57%

57.75%

★★★★★★

KebNi

34.75%

86.11%

★★★★★★

Adveritas

57.98%

144.21%

★★★★★★

Adocia

59.08%

63.00%

★★★★★★

Travere Therapeutics

26.68%

68.80%

★★★★★★

Ascendis Pharma

38.95%

65.96%

★★★★★★

Click here to see the full list of 1269 stocks from our High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

CrowdStrike Holdings

Simply Wall St Growth Rating: ★★★★★☆

Overview: CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally, with a market cap of $63.52 billion.

Operations: CrowdStrike generates revenue primarily from its Security Software & Services segment, which brought in $3.52 billion. The company focuses on providing cybersecurity solutions across various markets.

CrowdStrike's recent partnership with 1Password, targeting SMBs, highlights its strategic focus on expanding enterprise-grade cybersecurity solutions. R&D expenses reflect a commitment to innovation, with $35.8 million spent last quarter, supporting robust earnings growth of 35.8%. Despite legal challenges from a software update impacting Delta Airlines, the company's projected revenue of $3.90 billion for FY2025 underscores its resilience and market demand for AI-native security platforms like Falcon Go.

NasdaqGS:CRWD Revenue and Expenses Breakdown as at Sep 2024
NasdaqGS:CRWD Revenue and Expenses Breakdown as at Sep 2024

Intuit

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Intuit Inc. offers financial management, compliance, and marketing products and services in the United States, with a market cap of $183.68 billion.

Operations: Intuit generates revenue primarily through its Small Business and Self-Employed segment ($9.53 billion), followed by Consumer ($4.45 billion) and Credit Karma ($1.71 billion). The Pro-Tax segment also contributes $599 million to the company's revenue stream.

Intuit's strategic focus on enhancing its Generative AI Operating System (GenOS) highlights its commitment to innovation, with R&D expenses reflecting a robust $1.65 billion investment over the past year. The company's revenue is projected to grow 10.5% annually, outpacing the US market average of 8.8%. Additionally, earnings are forecasted to rise by 16.4% per year, driven by advancements in AI-powered solutions like TurboTax and QuickBooks, which serve approximately 100 million customers globally.

NasdaqGS:INTU Earnings and Revenue Growth as at Sep 2024
NasdaqGS:INTU Earnings and Revenue Growth as at Sep 2024

Palantir Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Palantir Technologies Inc. develops and implements software platforms for intelligence and counterterrorism operations across the United States, the United Kingdom, and globally, with a market cap of $79.70 billion.

Operations: Palantir Technologies Inc. generates revenue through two primary segments: Commercial ($1.14 billion) and Government ($1.34 billion). The company focuses on building and deploying software platforms for intelligence and counterterrorism operations across various regions, including the United States and the United Kingdom.

Palantir Technologies is experiencing substantial growth, with revenue forecasted to increase by 16.8% annually and earnings expected to rise by 22.7% per year. The company’s R&D expenses reached $1.65 billion over the past year, underscoring its commitment to innovation in AI and data analytics solutions. Partnerships with major players like Microsoft for defense applications and Sompo for insurance digital transformation highlight Palantir's expanding influence across diverse sectors, enhancing operational efficiencies and decision-making capabilities for clients globally.

NYSE:PLTR Earnings and Revenue Growth as at Sep 2024
NYSE:PLTR Earnings and Revenue Growth as at Sep 2024

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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 NasdaqGS:CRWD NasdaqGS:INTU and NYSE:PLTR.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com