10 High Growth IT Stocks To Invest In Now

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1. FiscalNote Holdings Inc. (NYSE:NOTE)

5 Year Revenue CAGR: 18.53%

Average Upside Potential as of November 14: 282.26%

FiscalNote Holdings Inc. (NYSE:NOTE) is a technology company that leverages AI, machine learning, and analytics to provide public policy and issues management solutions. Its products help businesses, government agencies, and other organizations track, analyze, and respond to policy changes.

The company delivered yet another impressive quarter and logged a revenue of $29.44 million in Q3 2024. While this revenue dropped by 13.44% as compared to the third quarter in 2023, it was $436,500 higher than Street estimates. This performance was driven by a loyal customer base and recurring revenue streams.

It’s dedicated to enhancing its product strategy and leadership team. This commitment is evident in the recent appointment of Can Babaoglu as Chief Product Officer. Babaoglu’s role is crucial in driving product innovation, optimizing existing offerings, and launching new products that cater to evolving customer needs. By strengthening its leadership team, FiscalNote Holdings Inc. (NYSE:NOTE) aims to solidify its position as a leading provider of AI-powered policy and global intelligence solutions.

The company is well-positioned for continued growth and profitability in the remainder of 2024 and beyond. It remains committed to improving operational efficiency, enhancing the customer experience, and driving shareholder value.

As we acknowledge the growth potential of FiscalNote Holdings Inc. (NYSE:NOTE), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NOTE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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