High Growth Tech Stocks to Watch in October 2024

Simply Wall St.10-21

The United States market has remained flat over the last week but is up 38% over the past year with earnings expected to grow by 15% annually. In this context, high growth tech stocks that exhibit ...

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In this context, high growth tech stocks that exhibit ...</p>\n\n<a href=\"https://finance.yahoo.com/news/high-growth-tech-stocks-watch-140244903.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>High Growth Tech Stocks to Watch in October 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHigh Growth Tech Stocks to Watch in October 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-21 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/high-growth-tech-stocks-watch-140244903.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The United States market has remained flat over the last week but is up 38% over the past year with earnings expected to grow by 15% annually. In this context, high growth tech stocks that exhibit ...</p>\n\n<a href=\"https://finance.yahoo.com/news/high-growth-tech-stocks-watch-140244903.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TBLAW","symbol_name":"Taboola Com Ltd Warrants","start_time":0,"source_url":"https://finance.yahoo.com/news/high-growth-tech-stocks-watch-140244903.html","article_id":"2477662268","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jtwePbKEAZvFHrncXoq7iQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/ee047812921f935c11e8b8a18a28c857"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477662268","pubTimestamp":1729519364,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The United States market has remained flat over the last week but is up 38% over the past year with earnings expected to grow by 15% annually. In this context, high growth tech stocks that exhibit robust innovation and scalability potential are particularly noteworthy as they can capitalize on these favorable economic conditions.Top 10 High Growth Tech Companies In The United States. Click here to see the full list of 250 stocks from our US High Growth Tech and AI Stocks screener.Operations: The company generates revenue primarily through its advertising segment, which amounted to $1.62 billion. Operating across multiple countries, it leverages an AI-driven platform to deliver targeted ad solutions.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TBLAW":"Taboola Com Ltd Warrants","BK4157":"电子设备和仪器","CXT":"Crane NXT","TBLA":"Taboola Com Ltd","BK4161":"工业机械","MGTX":"Meiragtx Holdings Plc"},"translate_title":"2024年10月值得关注的高增长科技股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CXT":1,"MGTX":0.9,"TBLA":0.9,"TBLAW":0.9},"content_text":"The United States market has remained flat over the last week but is up 38% over the past year with earnings expected to grow by 15% annually. In this context, high growth tech stocks that exhibit robust innovation and scalability potential are particularly noteworthy as they can capitalize on these favorable economic conditions.\nTop 10 High Growth Tech Companies In The United States\n\n\n\nName\nRevenue Growth\nEarnings Growth\nGrowth Rating\n\n\nSuper Micro Computer\n20.86%\n27.98%\n★★★★★★\n\n\nSarepta Therapeutics\n23.67%\n43.83%\n★★★★★★\n\n\nTG Therapeutics\n28.39%\n43.54%\n★★★★★★\n\n\nInvivyd\n42.91%\n70.39%\n★★★★★★\n\n\nArdelyx\n27.19%\n66.44%\n★★★★★★\n\n\nAmicus Therapeutics\n20.33%\n62.45%\n★★★★★★\n\n\nTravere Therapeutics\n27.74%\n70.00%\n★★★★★★\n\n\nSeagen\n22.57%\n71.80%\n★★★★★★\n\n\nMediaAlpha\n22.72%\n61.31%\n★★★★★★\n\n\nImmunoGen\n26.00%\n45.85%\n★★★★★★\n\n\n\nClick here to see the full list of 250 stocks from our US High Growth Tech and AI Stocks screener.\nHere's a peek at a few of the choices from the screener.\nMeiraGTx Holdings\nSimply Wall St Growth Rating: ★★★★★☆\nOverview: MeiraGTx Holdings plc is a clinical-stage gene therapy company dedicated to developing treatments for patients with serious diseases, with a market capitalization of $475.23 million.\nOperations: The company focuses on the biotechnology sector, specifically startups, generating $8.12 million in revenue from this segment.\nMeiraGTx Holdings, despite its unprofitable status, is poised for significant growth with a projected revenue increase of 40.5% per year, outpacing the US market average of 8.9%. This biotech firm's commitment to innovation is evident in its R&D spending trends which align closely with its strategic goals in genetic medicines. Recently, MeiraGTx reported promising results from a Parkinson’s disease study, enhancing its credibility and potential market impact. However, financial stability remains a concern as evidenced by a net loss widening to $69.06 million in the first half of 2024 from $59.95 million the previous year. The company also increased shareholder dilution through a recent $50 million equity offering at $4 per share—actions that reflect both challenges and aggressive pursuits for future profitability and growth within high-stakes biotechnology sectors.\n\nClick to explore a detailed breakdown of our findings in MeiraGTx Holdings' health report.\nGain insights into MeiraGTx Holdings' past trends and performance with our Past report.\n\n\n\n\n  NasdaqGS:MGTX Revenue and Expenses Breakdown as at Oct 2024\n \n\nTaboola.com\nSimply Wall St Growth Rating: ★★★★☆☆\nOverview: Taboola.com Ltd. operates an artificial intelligence-based algorithmic engine platform across various international markets, with a market cap of $1.23 billion.\nOperations: The company generates revenue primarily through its advertising segment, which amounted to $1.62 billion. Operating across multiple countries, it leverages an AI-driven platform to deliver targeted ad solutions.\nTaboola.com's recent advancements in AI-driven advertising technologies, such as Abby and Maximize Conversions, underscore its strategic focus on enhancing ad campaign efficiency and effectiveness. With Abby reducing campaign setup times by 75% and Maximize Conversions achieving a 110% increase in conversions, Taboola is leveraging its AI capabilities to meet the rapidly growing demand for generative AI among advertisers. Despite a challenging financial landscape with a net loss reduction to $4.29 million from $31.31 million year-over-year in Q2 2024, the company's R&D expenditure remains robust at 14% of revenue, aligning closely with its innovation-driven growth strategy. This commitment is further reflected in the forecasted annual revenue growth of 14%, outpacing the US market average of 8.9%.\n\nGet an in-depth perspective on Taboola.com's performance by reading our health report here.\nLearn about Taboola.com's historical performance.\n\n\n\n\n  NasdaqGS:TBLA Revenue and Expenses Breakdown as at Oct 2024\n \n\nCrane NXT\nSimply Wall St Growth Rating: ★★★★★☆\nOverview: Crane NXT, Co. is an industrial technology company specializing in solutions that secure, detect, and authenticate important assets for customers, with a market capitalization of $3.33 billion.\nOperations: Crane NXT generates revenue primarily from two segments: Crane Payment Innovations, which contributes $870.10 million, and Security and Authentication Technologies, with $523.90 million.\nCrane NXT's recent strategic moves, including the acquisition of De La Rue Authentication Solutions for £300 million, underscore its commitment to diversifying and strengthening its portfolio in security technologies. This is part of a broader ambition to reach a $3 billion valuation by 2028. The appointment of Dr. Aleta Richards as President of Crane Currency aligns with this vision, leveraging her extensive experience to drive innovation and market expansion. Financially, despite a slight dip in net income from $43.2 million to $41.6 million in Q2 2024, the company maintains robust growth forecasts with revenue expected to increase at 14.3% annually—outpacing the US market average—and earnings projected to surge by 21% per year. These figures reflect Crane NXT's strategic emphasis on R&D which constitutes {rd_expense_string} of their budget, supporting sustained technological advancement and competitive edge in high-security solutions.\n\nDelve into the full analysis health report here for a deeper understanding of Crane NXT.\nGain insights into Crane NXT's historical performance by reviewing our past performance report.\n\n\n\n\n  NYSE:CXT Earnings and Revenue Growth as at Oct 2024\n \n\nKey Takeaways\n\nClick through to start exploring the rest of the 247 US High Growth Tech and AI Stocks now.\nHold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.\nStreamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.\n\nSearching for a Fresh Perspective?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nFuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n 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.\nCompanies discussed in this article include NasdaqGS:MGTX NasdaqGS:TBLA and NYSE:CXT.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477662268"}