The United States market has remained flat over the past week but has experienced a notable 23% increase over the last year, with earnings anticipated to grow by 15% annually in the coming years. In this context, identifying high growth tech stocks involves looking for companies that demonstrate strong potential for innovation and scalability, aligning well with current market conditions and future earnings expectations.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 233 stocks from our US High Growth Tech and AI Stocks screener.

Let's review some notable picks from our screened stocks.

AppFolio

Simply Wall St Growth Rating: ★★★★☆☆

Overview: AppFolio, Inc. offers cloud-based business management solutions tailored for the real estate industry in the United States, with a market capitalization of approximately $8.96 billion.

Operations: The company generates revenue primarily through its cloud-based business management software and Value+ platforms, amounting to $762.37 million. It focuses on providing solutions specifically for the real estate sector in the United States.

AppFolio's recent strategic maneuvers, including the launch of FolioSpace and the acquisition of LiveEasy, underscore its commitment to enhancing property management through innovative software solutions. These initiatives are set to redefine tenant engagement by integrating all aspects of the resident journey into a single platform, leveraging AI to streamline operations. Financially, AppFolio has shown robust performance with a third-quarter revenue increase to $205.73 million from $165.44 million year-over-year and net income rising to $33.01 million from $26.45 million in the same period. The company's focus on R&D and strategic acquisitions positions it well within the high-growth tech landscape, despite facing challenges like executive turnovers and a competitive market environment.

• Take a closer look at AppFolio's potential here in our health report.

• Learn about AppFolio's historical performance.

Neurocrine Biosciences

Simply Wall St Growth Rating: ★★★★★☆

Overview: Neurocrine Biosciences, Inc. is engaged in the discovery, development, and marketing of pharmaceuticals for neurological, neuroendocrine, and neuropsychiatric disorders globally with a market cap of $13.93 billion.

Operations: Neurocrine Biosciences focuses on the research, development, and commercialization of pharmaceuticals, generating $2.24 billion in revenue from these activities.

Neurocrine Biosciences has demonstrated a significant trajectory in innovation and market adaptation, particularly with its recent FDA approval of CRENESSITY™ for classic congenital adrenal hyperplasia (CAH). This approval not only marks a pioneering advancement in CAH treatment by directly reducing excess ACTH but also signifies the company's strategic focus on addressing unmet medical needs through novel therapies. Financially, Neurocrine reported a robust increase in quarterly revenue to $622.1 million, up from $498.8 million year-over-year, and an impressive jump in net income to $129.8 million from $83.1 million within the same period last year. These figures underscore the company's effective R&D investment strategy and operational excellence, positioning it strongly within the biotech sector despite intense competition and regulatory challenges.

• Navigate through the intricacies of Neurocrine Biosciences with our comprehensive health report here.

• Understand Neurocrine Biosciences' track record by examining our Past report.

Pegasystems

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Pegasystems Inc. is a global company that develops, markets, licenses, hosts, and supports enterprise software across various regions including the United States, Europe, the Middle East, Africa, and Asia-Pacific with a market cap of $8.06 billion.

Operations: Pegasystems generates revenue primarily from its Software & Programming segment, amounting to $1.48 billion. The company focuses on providing enterprise software solutions across multiple global regions.

Pegasystems has been a notable force in enhancing banking operations through its latest Pega Smart Investigate™, which now includes expanded automation and generative AI capabilities. This innovation enables faster processing of payment exceptions and investigations, crucial for banks facing increasing global sanctions and evolving payment standards. The firm's commitment to R&D is evident as it continuously adapts to industry demands, ensuring financial institutions can efficiently tackle operational challenges while improving client satisfaction. With an annual revenue growth of 5.6% and projected earnings growth of 20.5%, Pegasystems demonstrates a robust integration of technological advancements with market needs, positioning itself as a resilient competitor in the tech landscape despite slower market trends.

• Click to explore a detailed breakdown of our findings in Pegasystems' health report.

• Gain insights into Pegasystems' past trends and performance with our Past report.

Taking Advantage

• Embark on your investment journey to our 233 US High Growth Tech and AI Stocks selection here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Ready For A Different Approach?

• 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 NasdaqGM:APPF NasdaqGS:NBIX and NasdaqGS:PEGA.

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