MORGAN STANLEY: Only 3 software companies will sustain 'hyper growth' — and their valuations could soar (NOW, YEXT, MDB)

Software saw a lot of "hyper growth" last year, but that trend is likely to slow through 2019, according to Morgan Stanley.
Of the 48 companies the firm follows, only three are set to sustain 30% growth through 2019.
Those three — ServiceNow, MongoDB, and Yext — could see their valuations soar on such growth.
Software companies were high performers last year, with at least 18 growing more than 30% over the year. But Morgan Stanley thinks that trend is on its way out.
In a report publ