3 High Growth Tech Stocks Leading The US Market

3 High Growth Tech Stocks Leading The US Market

November 7, 2024

The United States market has shown robust performance, rising 2.3% over the last week and 35% over the past year, with earnings forecasted to grow by 15% annually. In this thriving environment, a good stock often combines strong growth potential with innovative technology solutions that align well with current market trends and future growth expectations.

Name

Revenue Growth

Earnings Growth

Growth Rating

Sarepta Therapeutics

23.80%

44.01%

★★★★★★

Invivyd

47.87%

67.72%

★★★★★★

Amicus Therapeutics

20.10%

62.00%

★★★★★★

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 236 stocks from our US High Growth Tech and AI Stocks screener.

Let’s explore several standout options from the results in the screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: ADMA Biologics, Inc. is a biopharmaceutical company focused on developing, manufacturing, and marketing specialty plasma-derived biologics for treating immune deficiencies and infectious diseases globally, with a market cap of $4.39 billion.

Operations: The company generates revenue primarily through its ADMA Biomanufacturing segment, contributing $326.70 million, and its Plasma Collection Centers, adding $3.41 million.

ADMA Biologics, recently added to the S&P 600 and 1000 indices, underscores its growing prominence in biotech. With a robust Q3 performance, ADMA posted revenues of $107.19 million, marking a substantial increase from the previous year’s $60.12 million. This financial uptick is mirrored in their net income surge to $32.06 million from a prior loss, highlighting operational efficiencies and market penetration. Notably, R&D expenditures remain pivotal, aligning with their strategic focus on innovation—a critical driver in biotech’s fast-evolving landscape. Their recent auditor change to KPMG could enhance fiscal scrutiny and investor confidence, potentially influencing future financial health and stock stability.

NasdaqGM:ADMA Earnings and Revenue Growth as at Nov 2024

Simply Wall St Growth Rating: ★★★★★☆

Overview: Madrigal Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company dedicated to developing therapeutics for treating non-alcoholic steatohepatitis (NASH) in the United States, with a market cap of $7.36 billion.