Jim Cramer on International Business Machines: "I Like IBM Very Much"

International Business Machines Corporation (NYSE:IBM) is one of the stocks on Jim Cramer’s radar. A caller inquired after Cramer’s thoughts on the company, and he replied:

“Oh, I like IBM very much. I mentioned Ben Wright earlier. I think that Ben, he’s really turned me on to this stock. We did a very positive piece about it. I think it goes, I’m going to say not much higher but creeping higher over time, and that’s actually a great place to be. So I like IBM.”

International Business Machines (NYSE:IBM) provides integrated technology solutions, including hybrid cloud, AI, consulting, infrastructure, and financing, helping clients modernize operations and accelerate digital transformation. The company also partners with major tech firms to deliver customized enterprise services across industries. In a March episode of Mad Money, when a caller inquired about the stock, Cramer replied:

“Nah, IBM is a winner. You know what? I have not focused on it nearly enough. It is a pure [buy, buy, buy] and I just think right down here, I mean, up, you know, it’s up five, that doesn’t matter. It’s going higher, maybe to 300.”

For context, IBM stock has gained 12.4% since the comment was aired in March.

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