AppLovin Corporation (APP) Is A “Cash Flow Machine,” Says Jim Cramer

We recently published 11 Fresh Stocks Jim Cramer Talked About While Discussing AI-Led “American Renaissance”. AppLovin Corporation (NASDAQ:APP) is one of the stocks Jim Cramer recently discussed.

AppLovin Corporation (NASDAQ:APP) is another new-age advertising company that enables advertisers to digitally manage and run their campaigns. Its shares have gained a rather paltry 3.8% year-to-date as they are yet to recover from a 53% drop in mid-February and early March. AppLovin Corporation (NASDAQ:APP)’s stock fell in the aftermath of serious short seller allegations against the firm. Cramer discussed and dismissed the allegations back then; however, the stock is yet to recover all its losses. The CNBC host kept up the optimism this time as well:

“I wish AppLovin would come on because they are actually a cash flow machine. And by the way, the head of the audit committee there is the CEO of Wynn, who is terrific. And, you know what, look, it’s tough to be these guys. Their stocks have been such rocket ships, but Vlad Tenev has been very humble. I think it’s humility that I’m talking about.”

A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform.

Previously, the CNBC host remarked on AppLovin Corporation (NASDAQ:APP)’s market environment:

“Okay, the only thing I worry about is that I think another company can come in and challenge AppLovin… and if that happened, then I think you’d be in trouble because I don’t think it’s as nearly as proprietary as other people think. I know many companies that are gunning for them right now, and I want to be a little bit careful about that, but they’re a very, very good company. Very good.”

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