Morgan Stanley Considers Possible Impact of Office on iPad for Microsoft
In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Microsoft (NASDAQ: MSFT).
In the report, Morgan Stanley noted, “With new CEO Satya Nadella rumored to be unveiling Office on the iPad on 3/27, we update our views on the impact to MSFT's model. Our conservative analysis points to an incremental ~$1.2B in annual billings thru greater Office 365 adoption, even with a lower SKU and some cannibalization. This may also signal a greater willingness from MSFT to leverage key assets across non-Windows platforms.”
Microsoft closed on Wednesday at $39.27.
Latest Ratings for MSFT
|May 2015||Deutsche Bank||Upgrades||Hold||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.