Why Jim Cramer Thinks Walgreen (WAG) Stock Has Room to Climb

NEW YORK (TheStreet) -- Walgreen  (WAG) delivered better-than-expected numbers on Wednesday, and TheStreet's Jim Cramer says he had been waiting for this to occur.

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.

Must Watch: Jim Cramer Says There's A Lot of Room to Unlock Value in Walgreen

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was up 1.43% to $67.71 at 2:35 p.m. on Wednesday.

WAG Chart WAG data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday

Stocks Trade Lower as Rates Continue Rising; Boeing Holds Gains

Stocks Trade Lower as Rates Continue Rising; Boeing Holds Gains

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday