High Growth Tech Stocks Featuring Three Prominent US Companies

Nov 17, 2024
high-growth-tech-stocks-featuring-three-prominent-us-companies

Over the last 7 days, the United States market has risen 5.7%, contributing to a remarkable 37% increase over the past year, with earnings forecasted to grow by 16% annually. In this dynamic environment, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability to capitalize on these favorable market conditions.

Name

Revenue Growth

Earnings Growth

Growth Rating

AsiaFIN Holdings

51.75%

58.17%

★★★★★★

Invivyd

47.87%

67.72%

★★★★★★

Sarepta Therapeutics

23.89%

42.65%

★★★★★★

TG Therapeutics

34.66%

56.48%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

Alnylam Pharmaceuticals

22.45%

70.66%

★★★★★★

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

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

Simply Wall St Growth Rating: ★★★★★☆

Overview: Rhythm Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company specializing in therapies for rare neuroendocrine diseases, with a market capitalization of approximately $4.14 billion.

Operations: Rhythm Pharmaceuticals generates revenue primarily through the development and commercialization of therapies for patients with rare diseases, totaling $112.53 million. The company’s operations are centered on addressing rare neuroendocrine conditions.

Rhythm Pharmaceuticals stands out in the high-growth tech sector, primarily due to its innovative approach in tackling rare genetic disorders of obesity. With a projected annual revenue growth rate of 46.1%, Rhythm is pacing well above the US market average of 8.9%. This robust expansion is supported by significant R&D investments, which are crucial for advancing their pipeline and maintaining competitive edge in biotech innovation. The company’s recent earnings report revealed a revenue increase to $88.3 million from $53.19 million year-over-year, underscoring strong market demand for its specialized treatments like IMCIVREE® (setmelanotide). Moreover, earnings are expected to surge by 66.7% annually, highlighting potential profitability within three years—a testament to their strategic focus on addressing unmet medical needs through scientific research and development.

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