High Growth Tech Stocks In The United States You Should Know

The market is up 1.6% over the last week and has risen 22% over the last 12 months, with earnings forecast to grow by 15% annually. In this thriving environment, identifying high growth tech stocks that align with these positive trends can be crucial for investors looking to capitalize on robust market conditions.

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.

Let’s review some notable picks from our screened stocks.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Catalyst Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, develops and commercializes therapies for rare debilitating neuromuscular and neurological diseases in the United States, with a market cap of $2.31 billion.

Operations: Catalyst Pharmaceuticals, Inc. generates revenue primarily through the development and commercialization of drug products, totaling $434.48 million. The company focuses on therapies for rare chronic neuromuscular and neurological diseases in the U.S.

Catalyst Pharmaceuticals has shown robust revenue growth, with a 13.3% annual increase expected to outpace the US market’s 8.8%. Despite a significant earnings drop of -41% last year, the company’s projected earnings growth rate of 20.9% annually over the next three years indicates strong future potential. Notably, Catalyst’s R&D expenses have been strategically managed to support innovation without excessive spending, ensuring sustainable development in its product pipeline. Recent partnerships and licensing agreements further bolster its market position and potential for expansion in new therapeutic areas.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Napco Security Technologies, Inc. develops, manufactures, and sells electronic security systems for various applications in the United States and internationally, with a market cap of approximately $1.35 billion.

Operations: Napco Security Technologies generates revenue primarily from its electronic security devices, amounting to $188.82 million. The company serves commercial, residential, institutional, industrial, and governmental sectors both domestically and internationally.

Napco Security Technologies has demonstrated impressive earnings growth of 83.6% over the past year, significantly outpacing the Electronic industry’s -9.3%. The company’s revenue is forecasted to grow at 12.5% annually, surpassing the US market’s 8.8%, while its earnings are expected to increase by 20.7% per year, indicating robust future potential. Notably, Napco’s R&D expenses have been strategically allocated to support innovation without overspending, contributing $188.82 million in revenue for FY2024 compared to $170 million last year and net income of $49.82 million up from $27.13 million previously.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Crane NXT, Co. operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets with a market cap of $3.20 billion.

Operations: Crane NXT generates revenue primarily through two segments: Crane Payment Innovations ($870.10 million) and Security and Authentication Technologies ($523.90 million). The company’s market capitalization stands at $3.20 billion.

Crane NXT’s recent performance highlights its strategic positioning in the tech sector, with earnings forecasted to grow at 21.9% annually, outpacing the US market’s 15.2%. Notably, their R&D expenses have been effectively utilized, contributing significantly to innovation and growth; for instance, their revenue increased from $681.5 million to $684.2 million over six months. The company also repurchased shares recently and announced a quarterly dividend of $0.16 per share payable on September 11, 2024.

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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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