High Growth Tech Stocks To Watch In December 2024

Alkami Technology, Inc. is navigating the high-growth tech landscape with strategic partnerships and innovative product enhancements that bolster its market position. Recently, Alkami enhanced its Data & Marketing Solutions platform, introducing advanced behavioral data tags to deepen financial institutions’ client insights—a move aligning with the increasing demand for sophisticated digital banking experiences. This innovation is pivotal as it supports cross-departmental strategies to drive revenue and strengthen customer loyalty. Financially, Alkami reported a 22% annual revenue growth forecast and an impressive projection of earnings growth at 102.7% per year, signaling robust future prospects despite current unprofitability. The company’s commitment to R&D is evident from its recent product launches and updates, ensuring it remains competitive in a rapidly evolving sector.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: QuinStreet, Inc. is an online performance marketing company that offers customer acquisition services to clients both in the United States and internationally, with a market cap of approximately $1.32 billion.

Operations: QuinStreet generates revenue primarily through its Direct Marketing segment, which accounts for $768.81 million. The company’s business model focuses on providing customer acquisition services across various industries.

QuinStreet’s strategic maneuvers in the competitive Interactive Media and Services sector are underscored by its focus on innovative marketing solutions, which is evident from its presentation at various industry conferences. Despite being unprofitable, QuinStreet forecasts a revenue growth of 16.3% annually, outpacing the US market’s average of 9.1%, and anticipates turning profitable within three years with an expected earnings surge of 105% per annum. The firm has not engaged in significant share repurchases recently, reflecting a cautious approach to capital allocation amid its growth trajectory. This prudent financial management coupled with robust projected earnings growth positions QuinStreet uniquely within its industry, despite current profitability challenges.

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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:EVER NasdaqGS:ALKT and NasdaqGS:QNST.

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