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Cakmak said that he wants to be positive on Twitter Inc (NYSE: TWTR), but it is becoming more difficult to defend the company. He added that confidence among marketers who chose to promote their products online is "eroding," which merely adds to the company's woes.
Before Cakmak can become positive on Twitter, the platform's user growth needs to return.
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Alphabet, Amazon
Cakmak was then asked if he is surprised that the market hasn't been as friendly to Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon.com, Inc. (NASDAQ: AMZN), as they have been to the broader market.
The analyst answered that this reaction was surprising for Alphabet, but not for Amazon.
Cakmak continued that Alphabet is not only valued attractively but is "finally starting to hid their stride" in terms of mobile, machine learning, voice-based search and other new growth initiatives.
Moving on to Amazon, the analyst suggested there is a disconnect between buy-side expectations and reality. Cakmak believes Amazon's lofty AWS segment could soon see pricing pressure which could impact the company's margin profile in the coming year.
Snap IPO
Finally, Cakmak was asked if Snap's highly-anticipated IPO will result in investors selling other technology stocks to free up capital to buy shares of the newly issued social media company.
The analyst believes this may be the case, as Snap is poised to see outsized gains above the Street's already lofty expectations.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.