Jim Cramer Says “Another Company Can Come in and Challenge AppLovin”

AppLovin Corporation (NASDAQ:APP) is one of the 25 stocks Jim Cramer recently shared insights on. A caller asked if Cramer thinks the company can continue its streak of reporting strong revenue and free cash flow growth, and whether they should buy shares on the recent dip. Cramer replied:

“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.”

Jim Cramer Says "Another Company Can Come in and Challenge AppLovin"

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

AppLovin (NASDAQ:APP) provides a software platform that helps advertisers and app developers optimize marketing, monetization, and distribution through tools like real-time bidding, analytics, app management, and connected TV solutions. Moreover, the company operates a portfolio of mobile games.

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Disclosure: None.