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Jim Cramer Says You Should Watch This Stock You've Never Heard Of

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Have you heard of AppLovin?

"Investors looking for a fast-growing gaming stock should take a look at the recently public AppLovin (APP) - Get Report, Cramer told viewers. In fact, this may be the greatest little stock you've never heard of," wrote TheStreet's Scott Rutt in his Mad Money recap. "AppLovin came public earlier this year to little fanfare. The company began as a provider of software development tools, but soon evolved into in-house game development and now boasts a portfolio of over 200 titles, most of them mobile games you can play on the go."

"Cramer said AppLovin's game portfolio would be impressive on its own, but the company also has a trove of valuable data it compiles from all of its customers, which helped it achieve a 73% compound annual growth rate between 2018 and 2020. AppLovin forecasts 80% growth in 2021," wrote Rutt.

"Shares of AppLovin trade at nine times sales, which seems pricey until you compare it to rivals like Roblox (RBLX) - Get Report at 16 times sales and Unity Software (U) - Get Report at 24 times sales with a lower growth rate," he continued. "That's why Cramer said AppLovin is a great business that's worth buying."

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