Zoom likely to see 'little impact' if Microsoft decouples Teams from Office: MS
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Zoom Video Communications (NASDAQ:ZM) is not likely to see any major impact from Microsoft (NASDAQ:MSFT) unbundling its Teams communication platform from Office, Morgan Stanley said.
Analyst Meta Marshall, who rates Zoom (ZM) equal-weight with a per-share price target of $78, noted that while Teams is the "biggest competitive overhang" to Zoom, the adoption of Teams is already so pervasive, any price breakout probably won't help the Eric Yuan-led Zoom. 
"While Teams remains an ever present competitor, with 280mm MAU's already (as reported by MSFT in FQ2), it is hard to believe that any sort of decoupling would have meaningful impact, as the competition has already been faced, product already been used," Marshall wrote in an investor note. 
Zoom (ZM) shares rose nearly 3% on Monday following the report, but hit a 52-week low last week.
Microsoft (MSFT) is slated to report quarterly results after the close of trading on Tuesday.
On Monday, the Financial Times reported that Microsoft (MSFT) had offered to stop bundling Teams with its Office suite after Salesforce's (NYSE:CRM) Slack complained about the practice previously. 
In November, it was reported that Microsoft (MSFT) could face an antitrust investigation from the European Union over the matter.