High Growth Tech Stocks To Watch In November 2024

In This Article:

As global markets navigate the complexities of a changing political landscape and economic indicators show mixed signals, investors are keeping a close eye on the high-growth tech sector. In such an environment, identifying stocks with strong innovation potential and resilience to policy shifts can be crucial for those interested in this dynamic market segment.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Yggdrazil Group

24.66%

85.53%

★★★★★★

eWeLLLtd

26.52%

27.53%

★★★★★★

Seojin SystemLtd

33.54%

52.43%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Pharma Mar

26.94%

56.39%

★★★★★★

Mental Health TechnologiesLtd

27.88%

79.61%

★★★★★★

Elliptic Laboratories

65.73%

103.55%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

UTI

114.97%

134.60%

★★★★★★

Click here to see the full list of 1297 stocks from our High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

BioGaia

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BioGaia AB (publ) is a healthcare company that offers probiotic products globally and has a market capitalization of SEK10.52 billion.

Operations: The company generates revenue primarily through its Pediatrics segment, contributing SEK1.04 billion, followed by the Adult Health segment with SEK306.08 million.

BioGaia's recent financial performance highlights both challenges and opportunities within the high-growth tech sector. Despite a downturn in net income from SEK 101.5 million to SEK 36.6 million in Q3 and a decrease in quarterly sales, the company's annual revenue growth forecast at 11.1% outpaces the Swedish market's nearly stagnant growth rate. Moreover, BioGaia is set to grow earnings by 16.6% annually, surpassing broader market expectations of 15.2%. This juxtaposition of short-term setbacks against robust growth forecasts suggests resilience and potential for recovery, underscored by significant R&D investments aimed at fostering innovation and maintaining competitive edge in biotechnology—a sector where continuous research is crucial for advancement.

OM:BIOG B Revenue and Expenses Breakdown as at Nov 2024
OM:BIOG B Revenue and Expenses Breakdown as at Nov 2024

Alibaba Pictures Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Alibaba Pictures Group Limited is an investment holding company involved in content, technology, and IP merchandising and commercialization in Hong Kong and the People's Republic of China, with a market capitalization of HK$14.11 billion.

Operations: Alibaba Pictures generates revenue through various segments, including Film Investment, Production, Promotion and Distribution (CN¥2.07 billion), IP Merchandising and Commercialization (CN¥1.05 billion), and Film Ticketing and Technology Platform (CN¥920.22 million). The company focuses on leveraging its content creation capabilities alongside technology-driven platforms to enhance its market presence in the entertainment industry across Hong Kong and the People's Republic of China.