Jim Cramer Says "AppLovin is a Winner"

AppLovin Corporation (NASDAQ:APP) is one of the stocks on Jim Cramer’s radar recently. A caller asked if Cramer sees the stock returning to its high, and he replied:

“Yes, I do. AppLovin is loved apping, that’s the way I feel about it. AppLovin and Palantir, they almost trade together. You can’t miss them. AppLovin is a winner.”

AppLovin Corporation (NASDAQ:APP) provides a software platform that helps advertisers optimize marketing and monetization of digital content. While discussing noteworthy stocks of Q3 during the October 1 episode, Cramer mentioned the company and commented:

“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.”

While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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