Jim Cramer Says "I Would Not Bet Against This AppLovin Stock"

AppLovin Corporation (NASDAQ:APP) is one of the noteworthy Q3 stocks Jim Cramer was focused on. Cramer highlighted it as the best-performing S&P 500 stock of the quarter. He said:

“The best performing S&P 500 stock from the third quarter is one that seems unstoppable, and that stock is AppLovin. This stock’s a quandary because it’s far from a household name. AppLovin’s a mobile technology company that helps app developers make money by selling advertising space within their apps.

The stock rallied 105% in the third quarter alone. It’s been an extraordinary performer that remains relatively unknown because it’s not consumer-facing. We just don’t see it. I would not bet against this AppLovin stock, even as it’s been the target of short sellers who have been run over by the buyers, and I think it’s going to stay that way.”

AppLovin Corporation (NASDAQ:APP) provides a software platform that supports advertisers and publishers with tools for app discovery, real-time ad bidding, analytics, and connected TV distribution. In addition, the company develops and operates free-to-play mobile games.

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Disclosure: None. This article is originally published at Insider Monkey.