Was Jim Cramer Right About Lazard, Inc. (LAZ)?

We recently published a list of Was Jim Cramer Right About These 11 Stocks? In this article, we are going to take a look at where Lazard, Inc. (NYSE:LAZ) stands against other stocks that Jim Cramer discusses.

A caller asked whether Lazard, Inc. (NYSE:LAZ) could benefit from increased M&A activity in Q3 2024. Cramer responded positively back then, saying:

“I think Lazard’s a good buy here. I do believe that things are going to get a little less onerous when it comes to takeovers. It’s a really good idea — thank you for bringing it to our attention.”

Cramer wasn’t totally off, but the gain of 5.83% doesn’t exactly scream conviction. Lazard, Inc. (NYSE:LAZ) remains a premier global advisor in M&A and restructuring, leveraging its boutique model to serve clients through volatile economic cycles.

A close-up of a graph on a touchscreen, representing the latest investment trends.

Cramer remains a fan of the stock as he agreed with a caller when they called the stock cheap in January this year, saying:

“Absolutely. I’ve gotta tell you, I think Lazard’s really inexpensive… I think you’re absolutely right.”

Overall, LAZ ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of LAZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LAZ and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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