He says he also likes that the company's flu shot volume was much higher than expected. Cramer also says he continues to think that activist investors will push Walgreen to become a worldwide company.
Furthermore, he points to the company's previous bad quarters and the easy comparisons that are coming next year. Cramer says all of this leads him to believe that Walgreen is a $75 stock, which leaves a lot of room for it to climb.
The stock was up 1.43% to $67.71 at 2:35 p.m. on Wednesday.WAG data by YCharts