High Growth Tech Stocks to Watch for November 2024

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Amidst global market fluctuations, the recent uncertainty surrounding the incoming Trump administration's policies has led to a notable impact on various sectors, with financials and energy benefiting from deregulation hopes while healthcare and electric vehicle stocks faced challenges. In this ever-evolving landscape, identifying promising high-growth tech stocks involves considering their resilience to policy changes and their potential for innovation-driven growth in a dynamic economic environment.

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%

★★★★★★

Sarepta Therapeutics

23.90%

42.65%

★★★★★★

Seojin SystemLtd

33.54%

52.43%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Mental Health TechnologiesLtd

27.88%

79.61%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

Travere Therapeutics

31.70%

72.51%

★★★★★★

UTI

114.97%

134.60%

★★★★★★

Click here to see the full list of 1309 stocks from our High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

BOE Varitronix

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BOE Varitronix Limited is an investment holding company that focuses on designing, manufacturing, and selling liquid crystal displays and related products across various international markets, with a market capitalization of approximately HK$4.46 billion.

Operations: BOE Varitronix Limited generates revenue primarily from the design, manufacture, and sale of liquid crystal displays and related products, amounting to approximately HK$11.71 billion. The company operates across multiple international markets including China, Europe, the United States, and Korea.

Amid a challenging year, BOE Varitronix demonstrated resilience with its half-year sales rising to HKD 6.16 billion, an increase from HKD 5.21 billion in the previous period, though net income slightly decreased to HKD 172.1 million. The company's commitment to innovation is evident in its R&D investments which are crucial for maintaining competitive advantage in the fast-evolving tech landscape. Notably, forecasts indicate a robust annual earnings growth of 21.3%, outpacing the Hong Kong market's average of 11.5%. This growth trajectory is supported by expected revenue increases at an annual rate of 14.1%, also surpassing market norms. Despite some setbacks in earnings per share this period, BOE Varitronix's strategic focus on expanding its technological capabilities and enhancing product offerings could position it well for future opportunities within the high-growth tech sector. The firm's ability to generate positive free cash flow amidst industry-wide challenges underscores its operational efficiency and potential for sustained growth, aligning with broader industry trends towards advanced electronic solutions.