TripAdvisor's price to future earnings multiple has been compressed over the past six months as the stock has dipped more than 15%. Additionally, the company is expected to see less volatility in its hotel business than it has in the past.
The company isn't out of the woods yet, as Google (GOOGL - Get Report) prepares to combine its own travel-related products -- including Google Trips, Google Flights and Google hotels search -- into one entity called Trips.
TripAdvisor may not be able to compete with a service from one of the world's largest search engines.
Earlier this month, Wedbush lowered its price target on the company to $50 from $60. TripAdvisor shares were trading at $46.05 Tuesday.
Alphabet is a key holding in Jim Cramer's Action Alerts PLUS charitable trust.