Exploring 3 High Growth Tech Stocks in Australia

In This Article:

Over the last 7 days, the Australian market has risen 1.7%, and over the past 12 months, it is up by an impressive 18%, with earnings forecasted to grow by 12% annually. In this robust environment, identifying high growth tech stocks involves assessing their potential to capitalize on technological advancements and market opportunities while aligning with these positive market trends.

Top 10 High Growth Tech Companies In Australia

Name

Revenue Growth

Earnings Growth

Growth Rating

Clinuvel Pharmaceuticals

22.32%

27.42%

★★★★★★

Adherium

86.80%

73.66%

★★★★★★

DUG Technology

10.79%

31.83%

★★★★★☆

ImExHS

20.47%

111.20%

★★★★★★

Telix Pharmaceuticals

20.19%

38.31%

★★★★★★

AVA Risk Group

32.56%

118.83%

★★★★★★

Careteq

37.17%

126.21%

★★★★★☆

Pointerra

56.62%

126.45%

★★★★★★

Wrkr

36.31%

100.29%

★★★★★★

Adveritas

57.98%

144.21%

★★★★★★

Click here to see the full list of 63 stocks from our ASX High Growth Tech and AI Stocks screener.

Let's explore several standout options from the results in the screener.

Life360

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Life360, Inc. operates a technology platform that helps locate people, pets, and things across various regions including North America, Europe, the Middle East, Africa, and internationally with a market cap of A$4.99 billion.

Operations: The company generates revenue through its software and programming segment, amounting to $328.68 million. Its focus is on providing a technology platform that facilitates the location of people, pets, and things across multiple regions globally.

In the rapidly evolving tech landscape, Life360 stands out with its innovative approach to family safety through technology. The company's recent launch of an updated Tile tracker lineup underscores its commitment to enhancing user experience and safety; these devices integrate seamlessly with the Life360 app, offering features like extended Bluetooth range and a louder ring, priced between $24.99 and $34.99. Financially, Life360 is navigating through growth phases with expected revenue increases of 15.6% annually, outpacing the Australian market's 5.6%. Despite current unprofitability, earnings are projected to surge by 68.47% per year due to strategic expansions and product innovations like the new Tile series which could significantly bolster market presence by catering effectively to consumer needs for security and connectivity.

ASX:360 Earnings and Revenue Growth as at Oct 2024
ASX:360 Earnings and Revenue Growth as at Oct 2024

REA Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: REA Group Limited operates an online property advertising business across Australia, India, the United States, Malaysia, Singapore, Thailand, Vietnam, and other international markets with a market capitalization of A$29.59 billion.