Exploring 3 High Growth Tech Stocks In The US Market

As the U.S. stock market kicks off February with a robust performance, highlighted by significant gains in major indices such as the Dow Jones Industrial Average and S&P 500, investors are closely watching the tech sector for potential high-growth opportunities. In this dynamic environment, identifying promising tech stocks involves considering factors like innovation, market demand, and adaptability to current economic conditions.

Click here to see the full list of 72 stocks from our US High Growth Tech and AI Stocks screener.

We’ll examine a selection from our screener results.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: ADMA Biologics, Inc. is a biopharmaceutical company that focuses on developing, manufacturing, and marketing specialty plasma-derived biologics for immune deficiencies and infectious diseases, with a market cap of approximately $3.80 billion.

Operations: The company’s revenue primarily comes from ADMA Biomanufacturing, contributing $481.64 million, with Plasma Collection Centers adding $6.77 million.

ADMA Biologics has demonstrated robust growth, with earnings surging by 207.4% over the past year, significantly outpacing the biotech industry’s average of 59.1%. This surge is supported by a strong pipeline and strategic market positioning, evidenced by their recent upward revisions in revenue projections for fiscal years 2025 through 2029, targeting over $1.1 billion in annual revenue by the latter year. Their commitment to R&D and innovation is evident from their presentations at significant industry conferences, like the J.P. Morgan Healthcare Conference, showcasing leadership in biotech advancements. With an expected annual profit growth rate of 21.6%, ADMA not only exceeds the U.S market average of 15.6% but also aligns with future revenue expectations set between $635 million to $775 million in the upcoming years.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: The Trade Desk, Inc. is a technology company that provides a global advertising platform, with a market capitalization of approximately $12.22 billion.

Operations: The company generates revenue primarily from its advertising technology platform, which brought in approximately $2.79 billion. The business focuses on providing a comprehensive platform for advertisers to manage digital ad campaigns across various channels and formats.

The Trade Desk has showcased significant growth in the tech sector, with its earnings increasing by 42.3% over the past year, outperforming the media industry’s average decline of 2.8%. This growth is underpinned by strategic partnerships and innovations such as the integration with THG Ingenuity and Xumo’s OpenPath, enhancing direct access to premium advertising inventories and improving campaign efficiencies. The company’s focus on expanding its technological capabilities is evident from its R&D spending trends which are aligned with revenue increases of 13.7% annually, indicating a strong commitment to innovation and market adaptability. With recent executive changes aiming to bolster financial strategies and reaffirmed quarterly guidance projecting revenues of at least $840 million, The Trade Desk is strategically positioned to leverage ongoing shifts towards more personalized and measurable advertising solutions across diverse digital platforms.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: CarGurus, Inc. operates an online automotive platform facilitating vehicle transactions both in the United States and internationally, with a market cap of $2.65 billion.

Operations: The company generates revenue primarily from its U.S. Marketplace segment, which accounts for $801.72 million, and its Digital Wholesale segment contributing $50.35 million.

CarGurus has recently pivoted to profitability, a notable achievement given its previous earnings trajectory. With an annualized revenue growth of 6.1% and earnings expected to surge by 21.3% annually, the company is outpacing the Interactive Media and Services industry’s growth rate of 15.8%. This performance is bolstered by strategic product launches like PriceVantage, which leverages real-time consumer demand data to optimize dealership pricing strategies effectively. The solution’s integration into dealer workflows and its impact on sales velocity—exemplified by engaged dealers achieving turn times five times faster than competitors—underscores CarGurus’ innovative approach to enhancing market efficiency through technology.

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 ADMA TTD and CARG.

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