Exploring Three High Growth Tech Stocks in France

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The European economy has recently seen a boost from the Paris Olympics, with France's CAC 40 Index gaining 1.71%, reflecting broader market optimism driven by potential interest rate cuts from both the Federal Reserve and the European Central Bank. Amid this positive sentiment, high-growth tech stocks in France are drawing attention for their potential to capitalize on favorable economic conditions and investor enthusiasm. When evaluating high-growth tech stocks, it's crucial to consider factors such as innovative capabilities, market demand for their products or services, and financial health—all of which can be influenced by current economic trends and policy changes.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

16.18%

35.08%

★★★★★☆

Cogelec

11.32%

24.06%

★★★★★☆

VusionGroup

21.32%

25.74%

★★★★★★

Munic

26.68%

149.17%

★★★★★☆

Adocia

59.08%

63.00%

★★★★★★

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Valneva

24.22%

28.34%

★★★★★☆

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

OSE Immunotherapeutics

30.02%

5.91%

★★★★★☆

beaconsmind

31.75%

106.73%

★★★★★★

Click here to see the full list of 43 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Esker

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Esker SA operates a cloud platform for finance and customer service professionals in France and internationally, with a market cap of €1.37 billion.

Operations: Esker SA generates revenue primarily from its Software & Programming segment, amounting to €190.92 million. The company focuses on providing cloud-based solutions for finance and customer service professionals across various regions.

Esker, a prominent player in the software industry, is experiencing notable revenue growth at 11.8% annually, outpacing the French market's 5.8%. Their earnings are projected to rise significantly by 25.4% per year over the next three years. Esker has invested heavily in R&D, with expenditures accounting for a substantial portion of their budget, reflecting their commitment to innovation and sustainability initiatives within their Source-to-Pay suite. Recent M&A rumors involving Bridgepoint Group have also driven shares up by 35%, valuing Esker at approximately €1.2 billion ($1.3 billion).

ENXTPA:ALESK Revenue and Expenses Breakdown as at Aug 2024
ENXTPA:ALESK Revenue and Expenses Breakdown as at Aug 2024

Lumibird

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Lumibird SA designs, manufactures, and sells various lasers for scientific, industrial, and medical applications worldwide with a market cap of approximately €225.22 million.