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NEW YORK (
TheStreet) -- Shares of
International Business Machines
(IBM - Get Report) may be unloved by Wall Street, but Jim Cramer told Debra Borchardt at
TheStreet.com Monday he's been a buyer for his charitable trust,
Cramer reminded viewers that IBM is software company, not a hardware company, so it's not suffering along with the likes of Dell (DELL) or Hewlett-Packard (HPQ). He said the numbers at IBM are good, the estimates are too low and the company trades at an appealing P/E ratio.
IBM also is doing well despite the slowdown in Europe, said Cramer, another plus for the stock. That's why Cramer said his price target for the company stands at $225 a share.Watch the full Cramer interview