AWS growth expected to show further slowdown in Q1: Monness, Crespi, Hardt
krblokhin
Amazon (NASDAQ:AMZN) is slated to report first-quarter results on April 27 and investment firm Monness, Crespi, Hardt is expecting a further slowdown in the company's cloud computing giant.
Analyst Brian White, who has a buy rating and a per-share price target of $136 on Amazon (AMZN), said he expects AWS to remain the company's fastest growing segment, but the gap is narrowing. 
"We are projecting AWS revenue to grow by 15% [year-over-year] in [the first-quarter] to $21.16 billion, down from 20% growth in [the fourth-quarter], and well below the 37% increase experienced a year ago," White wrote in an investor note. 
Going further, White said that growth at AWS could reach in the single digits for a quarter or two this year.
Last month, Amazon (AMZN) announced another 9,000 layoffs at the company, with AWS seeing an impact in its workforce, as well as the company's advertising, Twitch and People Experience and Technology Solutions divisions.
A consensus of analysts estimate that Amazon (AMZN) will earn 22 cents per share on $124.57B in revenue.
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