Over the last 7 days, the market has remained flat, but it is up 23% over the past year with earnings forecasted to grow by 15% annually. In this environment, identifying high growth tech stocks that can capitalize on these trends is crucial for investors seeking robust returns.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 249 stocks from our US High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Vericel

Simply Wall St Growth Rating: ★★★★★☆

Overview: Vericel Corporation is a commercial-stage biopharmaceutical company focused on the research, development, manufacture, and distribution of cellular therapies for sports medicine and severe burn care markets in North America, with a market cap of $2.45 billion.

Operations: Vericel focuses on cellular therapies for sports medicine and severe burn care, generating $214.52 million in revenue from its biotechnology segment. The company operates exclusively in North America.

Vericel has shown promising growth, with revenue increasing by 22% annually and earnings forecasted to grow at an impressive 51.7% per year. Recently, the FDA approved a supplemental Biologics License Application for MACI? Arthro?, expanding its use and targeting a $3 billion addressable market. The company reported Q2 revenue of $52.66 million, up from $45.92 million last year, while net loss narrowed to $4.68 million from $5.02 million previously. Additionally, Vericel's R&D expenses reflect its commitment to innovation in biotech solutions; however, shareholders experienced dilution over the past year due to new equity issuances. The company's strategic focus on expanding its product offerings and customer base highlights its potential for sustained growth in the competitive biotech sector.

• Unlock comprehensive insights into our analysis of Vericel stock in this health report.

• Understand Vericel's track record by examining our Past report.

Halozyme Therapeutics

Simply Wall St Growth Rating: ★★★★★☆

Overview: Halozyme Therapeutics, Inc. is a biopharma technology platform company that researches, develops, and commercializes proprietary enzymes and devices globally, with a market cap of $7.87 billion.

Operations: Halozyme Therapeutics generates revenue primarily from the research, development, and commercialization of proprietary enzymes, amounting to $873.30 million. The company operates in the United States, Switzerland, Belgium, Japan, and internationally.

Halozyme Therapeutics has demonstrated robust financial performance, with Q2 2024 revenue reaching $231.35 million, up from $221.04 million a year ago, and net income rising to $93.25 million from $74.75 million previously. The company expects total 2024 revenue between $935 million and $1.02 billion, driven by increases in royalty and collaboration revenues as well as product sales from XYOSTED?. Their R&D expenses reflect a strategic focus on innovation; in the past year alone, they invested significantly to enhance their proprietary ENHANZE? technology which is now integral to multiple high-profile treatments like Roche's OCREVUS SC for multiple sclerosis and argenx's VYVGART? Hytrulo for CIDP.

• Take a closer look at Halozyme Therapeutics' potential here in our health report.

• Evaluate Halozyme Therapeutics' historical performance by accessing our past performance report.

Natera

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Natera, Inc. is a diagnostics company that develops and commercializes molecular testing services globally, with a market cap of $14.61 billion.

Operations: The company generates revenue primarily from the development and commercialization of molecular testing services, amounting to $1.36 billion.

Natera's Q2 2024 revenue surged to $413.35 million from $261.4 million a year ago, while net loss narrowed significantly to $37.46 million from $110.8 million, reflecting improved operational efficiency. Their R&D expenses have been substantial, with a focus on advancing their Signatera? test for molecular residual disease detection; this investment is crucial as it supports innovative trials like DECIPHER for gastroesophageal cancer patients. With expected annual profit growth of 70.48% and revenue forecasted to grow at 13.1% per year, Natera's strategic initiatives in precision oncology and transplant diagnostics position them well within the high-growth tech landscape in the U.S., despite current unprofitability challenges.

• Click here and access our complete health analysis report to understand the dynamics of Natera.

• Examine Natera's past performance report to understand how it has performed in the past.

Key Takeaways

• Get an in-depth perspective on all 249 US High Growth Tech and AI Stocks by using our screener here.

• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.

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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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:VCEL NasdaqGS:HALO and NasdaqGS:NTRA.

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