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. 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. 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.”
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This article is originally published at Insider Monkey.
