On Tuesday’s Mad Money, Cramer offered up a company that should give investors at least a couple of reasons to smile.

Align Technology

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[ALGN  Loading...      ()   ] might have revolutionized one of American teenagers’ most horrifying pubescent experiences – wearing braces – giving the company the chance to tap a market 77 million customers strong.

Thanks to Align, now the “mouth full of metal” can be replaced with a series of plastic aligners that are worn for two weeks at a time from nine to 18 months. Invisalign, as it’s called, is totally proprietary, and apparently dentists are going crazy for it the way kids went nuts for Elmo.

Cramer said dentists need a special certification before they can use Invisalign, and the cert courses are selling out like Madonna concerts. With that kind of enthusiasm, Align Technology’s 7% market share should grow quite nicely.

And Align isn’t lacking when it comes to fundamentals either. The company beat estimates for the last two quarters – even after raising guidance for the most recent – and Cramer thinks Align will do it again this time.

The stock is expensive at 43 times next year’s earnings, but Cramer said there isn’t a growth manager out there that wouldn’t be willing to pay that, considering Align is expected to grow 34% next year – and that’s with low-ball estimates from the Street.

Even still, the Street is underestimating Align, Cramer said, and for that reason, the multiple needs revision. According to Cramer calculus, the stock should trade at 35 times earnings, which would make Align very, very cheap.

The bottom line? Cramer said that if he’s right about Align, this $27 stock could quickly jump to $38.

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