Exploring Three High Growth Tech Stocks in the United States

The market is up 1.9% over the last week and has climbed 33% in the past year, with earnings forecast to grow by 15% annually. In this favorable environment, identifying high growth tech stocks that align with these positive trends can be crucial for investors looking to capitalize on the current momentum.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 251 stocks from our US High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Vertex, Inc., along with its subsidiaries, offers enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries both in the United States and internationally, with a market cap of approximately $5.96 billion.

Operations: Vertex generates revenue primarily from its software and programming segment, amounting to $617.83 million. The company focuses on providing enterprise tax technology solutions across various industries in the U.S. and internationally.

Vertex’s strategic integration with Salesforce Revenue Cloud, announced on September 17, 2024, underscores its commitment to enhancing tax compliance solutions through technology. This move not only broadens its service offerings but also taps into a growing demand for streamlined revenue processes in the tech sector. Financially, Vertex has shown robust growth with a significant turnaround in net income to $5.16 million for Q2 2024 from a net loss the previous year and an upward revision in full-year revenue forecasts to between $654 million and $660 million. These developments reflect Vertex’s agility in adapting to market needs while investing heavily in R&D, which is evident from their recent earnings growth forecast of 36.83% per year and revenue growth projections at 12.2% annually—both figures outpacing broader market averages.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Altice USA, Inc., along with its subsidiaries, offers broadband communications and video services across the United States, Canada, Puerto Rico, and the Virgin Islands with a market cap of approximately $1.36 billion.

Operations: Altice USA generates revenue primarily from its Cable TV services, amounting to approximately $9.11 billion. The company operates across various regions including the United States, Canada, Puerto Rico, and the Virgin Islands.

Altice USA faces a challenging landscape with an anticipated revenue decline of 2.1% annually over the next three years, reflecting broader industry pressures. However, the company is poised to pivot towards profitability within this period, showcasing potential resilience and adaptability in its strategic operations. Recent engagements at high-profile conferences and reported Q2 sales of $2.24 billion underscore its active presence in the industry despite a downturn in net income to $15.36 million from $78.3 million year-over-year. This scenario highlights Altice’s commitment to navigating market fluctuations while focusing on long-term growth prospects through strategic initiatives and possibly increased R&D expenditures to foster innovation amidst competitive challenges.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform offering consumer intelligence and marketing automation software to enterprises in the United States and internationally, with a market cap of $6.78 billion.

Operations: Zeta Global Holdings generates revenue primarily from its Internet Software & Services segment, amounting to $822.09 million. The company’s focus is on providing advanced consumer intelligence and marketing automation solutions through its cloud platform.

Zeta Global Holdings is demonstrating robust adaptability and strategic foresight in the high-growth tech landscape. Recently, Zeta enhanced its partnership with Yahoo, integrating advanced AI-driven email marketing solutions that promise to elevate customer engagement significantly. This move aligns with their recent upward revision of Q3 2024 revenue forecasts by 17.2%, signaling strong market confidence and an expanding footprint in digital marketing solutions. Moreover, the company’s commitment to innovation is evident from its R&D focus, which has seen a substantial increase of 119.3% year-over-year, underscoring its potential to redefine industry standards through technology.

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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.

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