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.

While we acknowledge the risk and potential of APP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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