Over the last 7 days, the United States market has remained flat, though it has risen 20% in the past 12 months with earnings expected to grow by 15% per annum. In this environment, identifying high growth tech stocks that can capitalize on these favorable conditions is crucial for investors looking to maximize their returns.

Top 10 High Growth Tech Companies In The United States

Click here to see the full list of 248 stocks from our US High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

Endava

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Endava plc offers technology services across various sectors including consumer products, healthcare, mobility, and retail in North America, Europe, the United Kingdom, and internationally with a market cap of approximately $1.77 billion.

Operations: Endava plc generates revenue primarily from computer services, amounting to ￡736.13 million. The company's market cap is approximately $1.77 billion.

Endava, a tech firm with notable growth prospects, is forecasted to see earnings rise by 35.8% annually over the next three years. Despite a recent 57.2% dip in earnings, its revenue is expected to grow at 11.9% per year, outpacing the US market's average of 8.6%. The company's R&D expenses underscore its commitment to innovation; last year's investment was significant compared to peers in the industry. However, ongoing legal issues may pose risks moving forward.

• Dive into the specifics of Endava here with our thorough health report.

• Assess Endava's past performance with our detailed historical performance reports.

Semrush Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Semrush Holdings, Inc. develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally with a market cap of $1.95 billion.

Operations: Semrush generates revenue primarily from its software and programming segment, which reported $338.88 million. The company focuses on providing a SaaS platform for online visibility management across various international markets.

Semrush Holdings, a digital marketing software firm, has shown robust growth with revenue increasing to $90.95 million in Q2 2024 from $74.69 million the previous year. The company's earnings are projected to grow significantly at 53.7% annually over the next three years, outpacing the US market's average of 15%. Notably, Semrush invests heavily in innovation with R&D expenses accounting for a substantial portion of its budget; last year's R&D expenditure was pivotal in driving product enhancements and customer satisfaction improvements led by their new chief customer and data officer.