High Growth Tech Stocks to Watch in October 2024

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As the German market navigates a challenging landscape marked by geopolitical tensions and fluctuating oil prices, key indices like the DAX have recently experienced declines, reflecting broader European caution. In this environment, identifying promising high-growth tech stocks requires a focus on companies with robust innovation capabilities and adaptability to shifting economic conditions.

Top 10 High Growth Tech Companies In Germany

Name

Revenue Growth

Earnings Growth

Growth Rating

Formycon

32.50%

30.70%

★★★★★☆

Str?er SE KGaA

7.52%

29.17%

★★★★★☆

Stemmer Imaging

13.34%

23.20%

★★★★★☆

Exasol

14.66%

117.10%

★★★★★☆

ParTec

41.16%

63.31%

★★★★★★

cyan

28.13%

71.37%

★★★★★☆

medondo holding

35.61%

82.66%

★★★★★☆

Northern Data

32.53%

68.17%

★★★★★☆

Rubean

55.25%

67.67%

★★★★★☆

GK Software

8.70%

33.04%

★★★★☆☆

Click here to see the full list of 42 stocks from our German High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Northern Data

Simply Wall St Growth Rating: ★★★★★☆

Overview: Northern Data AG provides high-performance computing infrastructure solutions globally to businesses and research institutions, with a market capitalization of €1.61 billion.

Operations: The company generates revenue primarily from Peak Mining (€156.13 million), Taiga Cloud (€22.13 million), and Ardent Data Centers (€31.46 million). The Consolidation segment shows a negative impact of €178.50 million on the overall revenue structure.

Northern Data, recently added to the S&P Global BMI Index, showcases a compelling trajectory with its revenue forecast to surge by 32.5% annually, significantly outpacing the German market's average of 5.4%. This growth is underpinned by substantial R&D investments which have grown consistently, aligning with their strategic focus on expanding their technological capabilities in high-performance computing and AI solutions. Despite current unprofitability and a highly volatile share price, earnings are expected to climb by 68.2% per year over the next three years. The company reaffirmed its ambitious fiscal year 2024 revenue target ranging between €200 million and €240 million—a potential increase of up to 200%, reflecting both aggressive growth strategies and recent market expansions.

DB:NB2 Earnings and Revenue Growth as at Oct 2024
DB:NB2 Earnings and Revenue Growth as at Oct 2024

All for One Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: All for One Group SE, along with its subsidiaries, offers business software solutions for SAP, Microsoft, and IBM across Germany, Switzerland, Austria, Poland, Luxembourg, and internationally with a market capitalization of €247.03 million.