HomeTechHigh Growth Tech Stocks to Watch in the United Kingdom September 2024

High Growth Tech Stocks to Watch in the United Kingdom September 2024

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In the wake of recent market turbulence, with the FTSE 100 and FTSE 250 indices experiencing declines due to weak trade data from China, investors are increasingly scrutinizing potential high-growth opportunities in the UK tech sector. Amidst these broader economic challenges, identifying stocks with strong innovation capabilities and resilient business models becomes crucial for navigating the current landscape.

Top 10 High Growth Tech Companies In The United Kingdom

Name

Revenue Growth

Earnings Growth

Growth Rating

Altitude Group

23.46%

27.56%

★★★★★☆

Filtronic

21.64%

33.46%

★★★★★★

YouGov

14.43%

29.79%

★★★★★☆

STV Group

13.43%

47.09%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

Trustpilot Group

16.23%

31.98%

★★★★★☆

IQGeo Group

11.49%

63.61%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

Click here to see the full list of 46 stocks from our UK High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: GB Group plc, with a market cap of £866.26 million, offers identity data intelligence products and services across the United Kingdom, the United States, Australia, and internationally.

Operations: GB Group plc generates revenue through three primary segments: Fraud (£40.20 million), Identity (£156.06 million), and Location (£81.07 million). The company operates internationally, including key markets in the United Kingdom, the United States, and Australia.

GB Group’s revenue is forecast to grow at 6.8% per year, outpacing the UK market’s 3.7% growth rate, while earnings are expected to surge by 92.89% annually. Despite being currently unprofitable, the company is projected to become profitable within three years, driven by its significant R&D investments and operational efficiencies achieved in FY24. Recent dividend increases and a net loss reduction from £119.79 million to £48.58 million highlight GB Group’s strategic focus on long-term growth and shareholder value.

AIM:GBG Revenue and Expenses Breakdown as at Sep 2024

AIM:GBG Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc operates as an international events, digital services, and academic research company in the United Kingdom, Continental Europe, the United States, China, and internationally with a market cap of £11.02 billion.

Operations: Informa generates revenue primarily through four segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The company’s diverse revenue streams span events, digital services, and academic research across multiple regions including the UK, Europe, the US, and China.

Informa’s revenue is projected to grow at 6.7% annually, outpacing the UK market’s 3.7% growth rate, despite a significant one-off loss of £213.5M impacting recent financial results. Earnings are forecasted to increase by 21.5% per year over the next three years, driven by strategic R&D investments and operational efficiencies. The company repurchased 41.67 million shares for £338.9M in H1 2024, enhancing shareholder value while navigating industry challenges with resilience and foresight.

LSE:INF Revenue and Expenses Breakdown as at Sep 2024LSE:INF Revenue and Expenses Breakdown as at Sep 2024

LSE:INF Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★★☆

Overview: Trustpilot Group plc operates an online review platform for businesses and consumers across the United Kingdom, North America, Europe, and internationally, with a market cap of £896.24 million.

Operations: Trustpilot Group plc generates revenue primarily from its online platform, which provides internet information services, amounting to $176.36 million. The company operates across various regions including the United Kingdom, North America, and Europe.

Trustpilot Group, a prominent player in the tech sector, has shown notable growth with its earnings forecasted to increase by 32% annually over the next three years. This outpaces the UK market’s average of 14.3%, reflecting strong potential in their business model. Their revenue is also expected to grow at 16.2% per year, significantly higher than the UK’s market average of 3.7%. With recent profitability and robust R&D investments, Trustpilot is well-positioned for sustained growth in an increasingly digital economy.

LSE:TRST Revenue and Expenses Breakdown as at Sep 2024LSE:TRST Revenue and Expenses Breakdown as at Sep 2024

LSE:TRST Revenue and Expenses Breakdown as at Sep 2024

Key Takeaways

Searching for a Fresh Perspective?

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 AIM:GBG LSE:INF and LSE:TRST.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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