High Growth Tech Stocks In The US To Watch

Simply Wall St.
08 Nov 2024

The United States market has shown robust performance, rising 5.1% over the last week and 38% over the past year, with earnings anticipated to grow by 15% annually in the coming years. In this environment, a good high-growth tech stock typically features strong revenue growth potential and innovative capabilities that align well with these optimistic market conditions.

Top 10 High Growth Tech Companies In The United States

Name Revenue Growth Earnings Growth Growth Rating
Invivyd 47.87% 67.72% ★★★★★★
Sarepta Therapeutics 23.43% 41.52% ★★★★★★
AsiaFIN Holdings 50.12% 56.73% ★★★★★★
TG Therapeutics 34.66% 56.48% ★★★★★★
Alkami Technology 21.89% 98.60% ★★★★★★
Alnylam Pharmaceuticals 22.41% 70.53% ★★★★★★
Blueprint Medicines 25.26% 68.92% ★★★★★★
Travere Therapeutics 31.20% 72.26% ★★★★★★
Seagen 22.57% 71.80% ★★★★★★
ImmunoGen 26.00% 45.85% ★★★★★★

Click here to see the full list of 237 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.

Clearwater Analytics Holdings

Simply Wall St Growth Rating: ★★★★★☆

Overview: Clearwater Analytics Holdings, Inc. offers a SaaS solution for automated investment data management and reporting services to a diverse clientele globally, with a market cap of $7.04 billion.

Operations: Clearwater Analytics Holdings delivers a SaaS platform that facilitates automated investment data aggregation, reconciliation, and reporting for insurers, investment managers, corporations, institutional investors, and government entities worldwide. The company's market capitalization stands at approximately $7.04 billion.

Clearwater Analytics Holdings has demonstrated a robust turnaround, transitioning from a net loss of $1.89 million to a net income of $3.63 million in the third quarter of 2024, underscoring its recovery and potential in high-tech financial analytics. This shift is part of an upward trend with year-to-date sales reaching $325.34 million, up from $269.15 million the previous year, reflecting an 18.4% growth rate that outpaces the US market average of 8.8%. Moreover, their strategic integration with Snowflake enhances their investment data management capabilities, promising greater efficiency and advanced AI tools for asset managers—a move that aligns with industry shifts towards more integrated and technologically advanced financial services solutions.

  • Click to explore a detailed breakdown of our findings in Clearwater Analytics Holdings' health report.
  • Gain insights into Clearwater Analytics Holdings' past trends and performance with our Past report.

NYSE:CWAN Revenue and Expenses Breakdown as at Nov 2024

Kyndryl Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kyndryl Holdings, Inc. is a global technology services company specializing in IT infrastructure services, with a market cap of $5.58 billion.

Operations: Kyndryl Holdings focuses on providing IT infrastructure services globally, leveraging its expertise in technology services. The company's revenue is primarily derived from its comprehensive IT solutions and managed services.

Kyndryl Holdings has shown resilience and adaptability, evidenced by a significant reduction in net loss to $32 million from $283 million year-over-year, alongside a strategic pivot towards enhancing cybersecurity and AI capabilities. This shift is underscored by their recent collaboration with Akamai Technologies to implement advanced network security solutions, aligning with industry needs for robust cyber defenses. Despite a modest revenue forecast growth of 1.7% annually, Kyndryl's focus on high-demand tech sectors like AI services for Microsoft 365 positions it to potentially outpace this projection by leveraging its deep industry partnerships and innovation-driven approach.

  • Click here and access our complete health analysis report to understand the dynamics of Kyndryl Holdings.
  • Explore historical data to track Kyndryl Holdings' performance over time in our Past section.

NYSE:KD Earnings and Revenue Growth as at Nov 2024

Q2 Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Q2 Holdings, Inc. offers cloud-based digital solutions tailored for regional and community financial institutions in the United States, with a market capitalization of approximately $5.47 billion.

Operations: Q2 Holdings, Inc. generates revenue primarily through its cloud-based digital solutions designed for regional and community financial institutions in the U.S. The company focuses on providing software that enhances digital banking experiences, driving adoption among its client base.

Q2 Holdings has demonstrated resilience despite a challenging fiscal year, trimming its net loss to $38.7 million from $47.31 million previously, reflecting a strategic pivot towards enhancing digital banking solutions and services. This shift is evident in their recent partnerships and platform integrations with entities like Extole and Red River Bank, aiming to modernize financial interactions across diverse banking frameworks. With an 11% annual revenue growth forecast, Q2 is strategically positioned to capitalize on the increasing demand for robust digital banking platforms. Moreover, the company's commitment to innovation is underscored by an R&D spend that bolsters its service offerings in a competitive market where technological advancements are pivotal.

  • Click here to discover the nuances of Q2 Holdings with our detailed analytical health report.
  • Gain insights into Q2 Holdings' historical performance by reviewing our past performance report.

NYSE:QTWO Revenue and Expenses Breakdown as at Nov 2024

Seize The Opportunity

  • Unlock more gems! Our US High Growth Tech and AI Stocks screener has unearthed 234 more companies for you to explore.Click here to unveil our expertly curated list of 237 US High Growth Tech and AI Stocks.
  • Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
  • Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Curious About Other Options?

  • Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
  • Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
  • Find companies with promising cash flow potential yet trading below their fair value.

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 NYSE:CWAN NYSE:KD and NYSE:QTWO.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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