High Growth Tech Stocks To Explore In November 2024

Simply Wall St.
21 Nov 2024

In November 2024, global markets are navigating a landscape marked by policy uncertainties from the incoming Trump administration and mixed economic signals, with key indices like the S&P 500 and Nasdaq Composite experiencing notable declines. In this environment, high-growth tech stocks present intriguing opportunities for investors seeking to capitalize on innovation-driven sectors that may benefit from evolving regulatory landscapes and technological advancements.

Top 10 High Growth Tech Companies

Name Revenue Growth Earnings Growth Growth Rating
Yggdrazil Group 24.66% 85.53% ★★★★★★
Seojin SystemLtd 33.54% 52.43% ★★★★★★
Sarepta Therapeutics 23.90% 42.65% ★★★★★★
Ascelia Pharma 76.15% 47.16% ★★★★★★
Pharma Mar 26.94% 56.39% ★★★★★★
TG Therapeutics 34.66% 56.48% ★★★★★★
Elliptic Laboratories 65.73% 103.55% ★★★★★★
Alkami Technology 21.89% 98.60% ★★★★★★
Travere Therapeutics 31.70% 72.51% ★★★★★★
Alnylam Pharmaceuticals 22.45% 70.66% ★★★★★★

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

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

Vivendi

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vivendi SE is a global entertainment, media, and communication company with operations spanning France, Europe, the Americas, Asia/Oceania, and Africa and has a market capitalization of approximately €8.81 billion.

Operations: Vivendi SE generates revenue primarily through its Canal+ Group (€6.20 billion) and Havas Group (€2.92 billion) segments, with additional contributions from Gameloft, Prisma Media, Vivendi Village, and New Initiatives. The company's operations are geographically diverse across multiple continents.

Vivendi's recent surge in revenue, marked by a 95.8% increase to €4.75 billion in Q3 2024, largely stems from strategic acquisitions like Lagardère. This growth trajectory is complemented by a robust forecast of earnings expanding at 31.1% annually, outpacing the broader French market's projections significantly. Despite challenges in matching the media industry's growth rate due to its newfound profitability this year, Vivendi’s commitment to innovation is evident in its R&D investments, crucial for sustaining long-term competitiveness in the dynamic tech landscape. The company’s focus on high-profile segments such as Canal+ and Havas—which reported growth rates of 3.2% and 1.8%, respectively—highlights its strategic positioning within lucrative markets that could drive future revenue streams. With an expected annual revenue increase of 9.3%, Vivendi is poised to leverage these segments effectively against a backdrop of evolving consumer demands and technological advancements, ensuring it remains relevant and potent within the high-growth tech arena.

  • Click to explore a detailed breakdown of our findings in Vivendi's health report.
  • Review our historical performance report to gain insights into Vivendi's's past performance.

ENXTPA:VIV Earnings and Revenue Growth as at Nov 2024

EMRO

Simply Wall St Growth Rating: ★★★★★☆

Overview: EMRO, Inc. specializes in supply chain management software solutions both within South Korea and globally, with a market capitalization of ₩802.50 billion.

Operations: EMRO, Inc. generates revenue through its supply chain management software offerings, catering to both domestic and international markets.

EMRO, amidst a tech landscape where innovation is crucial, demonstrates robust growth with its revenue forecast to surge by 25.2% annually, significantly outpacing the broader market's 9.3%. This growth is underpinned by substantial R&D investments, which not only reflect EMRO’s commitment to innovation but also position it well for future technological advancements. Notably, earnings are expected to grow at an impressive rate of 41.18% per year, highlighting potential profitability within three years. Despite past shareholder dilution and a highly volatile share price recently, these factors suggest EMRO's strong focus on developing cutting-edge solutions could well redefine its market segment and enhance its competitive edge in the bustling realm of tech.

  • Get an in-depth perspective on EMRO's performance by reading our health report here.
  • Examine EMRO's past performance report to understand how it has performed in the past.

KOSDAQ:A058970 Earnings and Revenue Growth as at Nov 2024

Beijing Wantai Biological Pharmacy Enterprise

Simply Wall St Growth Rating: ★★★★★☆

Overview: Beijing Wantai Biological Pharmacy Enterprise Co., Ltd. is a company engaged in the development, production, and sale of biological products with a market cap of CN¥90.79 billion.

Operations: Wantai focuses on the development, production, and sale of biological products. The company operates in various segments that contribute to its revenue streams.

Beijing Wantai Biological Pharmacy Enterprise is navigating a transformative phase, with revenue growth projected at an impressive 60.9% annually, outstripping the broader Chinese market's average of 13.9%. This surge is bolstered by significant R&D spending aimed at innovation in biotechnology—a sector where rapid advancements are critical. Despite recent setbacks reflected in reduced earnings and sales from previous years, the company's aggressive investment in R&D (120.1% expected annual profit growth) underscores its potential to capitalize on future biotech trends and improve profitability within three years. These strategic moves could set Beijing Wantai apart as it aims to overcome current challenges and harness high-growth opportunities in the evolving tech landscape.

  • Take a closer look at Beijing Wantai Biological Pharmacy Enterprise's potential here in our health report.
  • Learn about Beijing Wantai Biological Pharmacy Enterprise's historical performance.

SHSE:603392 Earnings and Revenue Growth as at Nov 2024

Where To Now?

  • Take a closer look at our High Growth Tech and AI Stocks list of 1297 companies by clicking here.
  • Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
  • Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Interested In Other Possibilities?

  • 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 ENXTPA:VIV KOSDAQ:A058970 and SHSE:603392.

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

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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