Exploring 3 High Growth Tech Stocks In The United States

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In the last week, the United States market has stayed flat, but over the past 12 months, it has risen by 31%, with earnings expected to grow by 15% per annum in the coming years. In this context of robust growth expectations, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability within a rapidly evolving industry landscape.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 249 stocks from our US High Growth Tech and AI Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

Simply Wall St Growth Rating: ★★★★★☆

Overview: The Trade Desk, Inc. is a technology company that provides a global advertising platform for buyers, with a market capitalization of $61.15 billion.

Operations: Trade Desk generates revenue primarily from its software and programming segment, amounting to $2.31 billion. The company operates both in the United States and internationally, focusing on providing technology solutions for advertising buyers.

Trade Desk’s robust performance is underscored by a 101.7% increase in earnings over the past year, significantly outpacing the media industry’s growth of 32.9%. The company’s commitment to innovation and market adaptation is evident from its R&D expenses, which are strategically reinvested to fuel advancements like the European Unified ID (EUID), enhancing targeting capabilities across the premium open internet. Looking ahead, Trade Desk anticipates revenue of at least $756 million for Q4 2024, reflecting confidence in their growth trajectory and operational strategy. This forward-looking approach is complemented by a substantial share repurchase program, with $826.98 million spent on buying back shares, underscoring their commitment to shareholder value and confidence in long-term prospects.

• Dive into the specifics of Trade Desk here with our thorough health report.

• Evaluate Trade Desk’s historical performance by accessing our past performance report.

Simply Wall St Growth Rating: ★★★★★★

Overview: Alkami Technology, Inc. provides cloud-based digital banking solutions in the United States and has a market capitalization of approximately $3.79 billion.

Operations: Alkami Technology generates revenue primarily from its Internet Software & Services segment, amounting to $315.56 million. The company focuses on providing digital banking solutions through a cloud-based platform in the U.S.

Alkami Technology, a player in the digital banking sector, is demonstrating significant growth with an expected revenue increase of 21.9% per year, outpacing the US market’s average of 9%. This growth is supported by recent strategic partnerships with institutions like Gate City Bank and Kemba Credit Union, enhancing their platform’s capabilities in fraud prevention and account management. Moreover, Alkami’s commitment to R&D is evident as they reinvest to innovate within the fintech ecosystem. Despite a net loss reduction from $15.48 million to $9.44 million year-over-year in Q3 2024, Alkami remains focused on expanding its technological offerings and market reach, signaling robust future prospects as it moves towards profitability with earnings forecasted to surge by 98.6% annually.

• Unlock comprehensive insights into our analysis of Alkami Technology stock in this health report.

• Assess Alkami Technology’s past performance with our detailed historical performance reports.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Semrush Holdings, Inc. provides an online visibility management software-as-a-service platform across various international markets and has a market capitalization of approximately $2.09 billion.

Operations: The company generates revenue primarily from its software and programming segment, amounting to $357.57 million.

Semrush Holdings, amidst a competitive tech landscape, is demonstrating robust growth with its earnings projected to surge by 66.4% annually, outpacing the broader US market’s average of 15.4%. This growth trajectory is supported by substantial R&D investments aimed at enhancing their software solutions, with recent financials showing a significant shift towards profitability—net income rose to $1.09 million in Q3 2024 from a net loss previously. Additionally, the company’s strategic presence at key tech conferences and its guidance for Q4 indicates continued expansion and an expected revenue increase to around $376 million for the year, marking a 22% rise year-over-year.

• Take a closer look at Semrush Holdings’ potential here in our health report.

• Gain insights into Semrush Holdings’ historical performance by reviewing our past performance report.

Next Steps

• Discover the full array of 249 US High Growth Tech and AI Stocks right here.

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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:TTD NasdaqGS:ALKT and NYSE:SEMR.

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