<p>monday.com (MNDY) 刚刚发布了第三季度财报，显示出从亏损转为盈利，并且与去年相比销售额更强。该公司还分享了对 2025 年剩余时间的乐观收入指引。</p>
<p>查看我们对 monday.com 的最新分析。</p>
<p>尽管 monday.com 实现了盈利和强劲的收入指引，但其股价动能在今年已经减弱，年初至今的股价回报为 -30.51%。然而，长期持有者在过去三年中仍然获得了近 66% 的总股东回报，反映出即使在近期波动中，其持续增长的故事依然存在。</p>
<p>如果最近的财报惊喜让你重新思考下一个突破点可能来自哪里，现在正是发现高内部持股的快速增长股票的最佳时机。</p>
<p>尽管今年股价回调，但令人印象深刻的财报和乐观的指引，关键问题是 monday.com 现在是否被低估，还是市场已经将其未来增长潜力计入价格。</p>
<h2>最受欢迎的叙述：39.7% 被低估</h2>
<p>与 monday.com 上次收盘价相比，最受欢迎的叙述设定了更高的公允价值，指向显著的上行潜力。这一观点依赖于强大的增长杠杆和平台创新，这些创新可能会重塑未来的收益。</p>
<blockquote>
<p><em>“全球持续向数字化转型、远程/混合工作以及 SaaS 采用的转变，继续推动对基于云的生产力和协作平台（如 monday.com）的强劲需求，支持高双位数的收入增长和未来的年度经常性收入扩展。生成式 AI 和低代码/无代码能力（例如，Monday Magic、Vibe、Sidekick）的快速整合使得更广泛的自动化和工作流定制成为可能。这增强了平台的差异化和粘性，可能改善客户留存率、每用户平均收入和净利润率，随着货币化的规模扩大。”</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想知道是什么推动了 monday.com 的优质叙述吗？这个故事将大胆的收入扩张和利润变动结合在一起，甚至可能让精明的投资者感到惊讶。通往这一估值的道路铺满了颠覆性技术的推出和强劲的经常性收入信号。哪些假设真正影响了结果？看看还有什么推动了这个雄心勃勃的价格目标。</p>
<p><strong>结果：公允价值为 $266.33（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，仍然存在需要关注的风险，例如新客户增长放缓和竞争加剧。这些因素可能会抑制即使是最乐观的预测。</p>
<p>了解这一 monday.com 叙述的关键风险。</p>
<h2>另一种观点：基于市场的倍数讲述了不同的故事</h2>
<p>从市盈率的角度来看，monday.com 的交易倍数高达 127.2 倍，远高于美国软件行业平均的 31.2 倍和同行平均的 37.5 倍。公允比率为 47.1 倍。这表明市场对其未来的高期望已经计入价格。这是否意味着风险，还是强劲的未来增长能够缩小差距？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b018843d-ade7-4ca0-a323-86ec8739f1c3/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b018843d-ade7-4ca0-a323-86ec8739f1c3/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 11 月的 NasdaqGS:MNDY 市盈率</p>
<h2>构建你自己的 monday.com 叙述</h2>
<p>如果你有不同的看法或想深入了解数字，你可以在几分钟内构建自己的故事。按照你的方式进行。</p>
<p>一个好的起点是我们的分析，强调投资者对 monday.com 的 4 个关键回报的乐观预期。</p>
<h2>寻找更多投资想法？</h2>
<p>聪明的投资在于始终走在潮流前面。现在有很好的机会在等待果断的投资者。你只需要知道在哪里寻找。</p>
<ul>
<li>通过关注这 24 只在人工智能领域引起轰动的 AI 小盘股，利用强劲的增长潜力，这些公司正在用前瞻性的创新改变整个行业。</li>
<li>通过查看这些 16 只收益率超过 3% 的股息股票，受益于可靠的收入来源，这些股票在挑战性市场中持续提供有吸引力的收益。</li>
<li>通过跟踪这些 82 只处于区块链进步和新支付技术前沿的加密货币和区块链股票，为明天的金融突破做好准备。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

MNDY

<p>monday.com (MNDY) 在第三季度实现了从亏损到盈利的转变，并对 2025 年提供了强劲的收入指引。尽管如此，其股价年初至今已下跌 30.51%。长期持有者在三年内获得了 66% 的回报。分析师认为该股票被低估，公允价值为 266.33 美元，受数字化转型和 SaaS 采用的推动。然而，风险包括客户增长放缓和激烈的竞争。市盈率显著高于行业平均水平，表明市场对其有较高的预期</p>

<p>monday.com (MNDY) just released its third quarter earnings, showing a switch from a loss to a profit and stronger sales compared to last year. The company also shared upbeat revenue guidance for the rest of 2025.</p>
<div class="lb-trans"><p>monday.com (MNDY) 刚刚发布了第三季度财报，显示出从亏损转为盈利，并且与去年相比销售额更强。该公司还分享了对 2025 年剩余时间的乐观收入指引。</p>
</div><p>See our latest analysis for monday.com.</p>
<div class="lb-trans"><p>查看我们对 monday.com 的最新分析。</p>
</div><p>Despite monday.com's leap to profitability and strong revenue guidance, its share price momentum has faded this year, with a year-to-date share price return of -30.51%. However, long-term holders have still seen a three-year total shareholder return of nearly 66%, reflecting its persistent growth story even through recent volatility.</p>
<div class="lb-trans"><p>尽管 monday.com 实现了盈利和强劲的收入指引，但其股价动能在今年已经减弱，年初至今的股价回报为 -30.51%。然而，长期持有者在过去三年中仍然获得了近 66% 的总股东回报，反映出即使在近期波动中，其持续增长的故事依然存在。</p>
</div><p>If recent earnings surprises have you rethinking where the next breakout could come from, now is the perfect moment to discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果最近的财报惊喜让你重新思考下一个突破点可能来自哪里，现在正是发现高内部持股的快速增长股票的最佳时机。</p>
</div><p>With shares pulling back this year despite impressive earnings and bullish guidance, the key question is whether monday.com is now undervalued or if the market has already priced in its future growth potential.</p>
<div class="lb-trans"><p>尽管今年股价回调，但令人印象深刻的财报和乐观的指引，关键问题是 monday.com 现在是否被低估，还是市场已经将其未来增长潜力计入价格。</p>
</div><h2>Most Popular Narrative: 39.7% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：39.7% 被低估</h2>
</div><p>Compared to monday.com's last close price, the most popular narrative sets a fair value much higher, pointing to significant upside potential. This perspective hinges on powerful growth levers and platform innovations that could reshape future earnings.</p>
<div class="lb-trans"><p>与 monday.com 上次收盘价相比，最受欢迎的叙述设定了更高的公允价值，指向显著的上行潜力。这一观点依赖于强大的增长杠杆和平台创新，这些创新可能会重塑未来的收益。</p>
</div><blockquote>
<p><em>“Ongoing global shift toward digital transformation, remote/hybrid work, and rising SaaS adoption continues fueling strong demand for cloud-based productivity and collaboration platforms like monday.com, supporting high double-digit revenue growth and future ARR expansion. Rapid integration of generative AI and low-code/no-code capabilities (e.g., Monday Magic, Vibe, Sidekick) enable broader automation and workflow customization. This strengthens platform differentiation and stickiness, which may improve customer retention, ARPU, and net margins as monetization scales.”</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>“全球持续向数字化转型、远程/混合工作以及 SaaS 采用的转变，继续推动对基于云的生产力和协作平台（如 monday.com）的强劲需求，支持高双位数的收入增长和未来的年度经常性收入扩展。生成式 AI 和低代码/无代码能力（例如，Monday Magic、Vibe、Sidekick）的快速整合使得更广泛的自动化和工作流定制成为可能。这增强了平台的差异化和粘性，可能改善客户留存率、每用户平均收入和净利润率，随着货币化的规模扩大。”</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to know what powers monday.com's premium narrative? The story weaves together bold revenue expansion and margin moves that could surprise even savvy investors. The path to this valuation is paved with a mix of disruptive tech launches and strong recurring revenue signals. Which assumptions really tip the scales? See what else drives this ambitious price target.</p>
<div class="lb-trans"><p>想知道是什么推动了 monday.com 的优质叙述吗？这个故事将大胆的收入扩张和利润变动结合在一起，甚至可能让精明的投资者感到惊讶。通往这一估值的道路铺满了颠覆性技术的推出和强劲的经常性收入信号。哪些假设真正影响了结果？看看还有什么推动了这个雄心勃勃的价格目标。</p>
</div><p><strong>Result: Fair Value of $266.33 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 $266.33（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, there are still risks to watch, such as slowing new customer growth and increased competition. These factors could temper even the most optimistic projections.</p>
<div class="lb-trans"><p>然而，仍然存在需要关注的风险，例如新客户增长放缓和竞争加剧。这些因素可能会抑制即使是最乐观的预测。</p>
</div><p>Find out about the key risks to this monday.com narrative.</p>
<div class="lb-trans"><p>了解这一 monday.com 叙述的关键风险。</p>
</div><h2>Another View: Market-Based Multiples Tell a Different Story</h2>
<div class="lb-trans"><h2>另一种观点：基于市场的倍数讲述了不同的故事</h2>
</div><p>Looking through the lens of price-to-earnings, monday.com trades at a hefty 127.2x, far above the US Software industry average of 31.2x and the peer average of 37.5x. The fair ratio sits at 47.1x. This suggests the market has high expectations priced in. Does this signal risk, or could strong future growth close the gap?</p>
<div class="lb-trans"><p>从市盈率的角度来看，monday.com 的交易倍数高达 127.2 倍，远高于美国软件行业平均的 31.2 倍和同行平均的 37.5 倍。公允比率为 47.1 倍。这表明市场对其未来的高期望已经计入价格。这是否意味着风险，还是强劲的未来增长能够缩小差距？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b018843d-ade7-4ca0-a323-86ec8739f1c3/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/b018843d-ade7-4ca0-a323-86ec8739f1c3/chart/pe-multiple-vs-industry"/></p>
<p>NasdaqGS:MNDY PE Ratio as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 NasdaqGS:MNDY 市盈率</p>
</div><h2>Build Your Own monday.com Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 monday.com 叙述</h2>
</div><p>If you see things differently or want to dive deeper into the numbers, you can craft your own story in just a few minutes. Do it your way.</p>
<div class="lb-trans"><p>如果你有不同的看法或想深入了解数字，你可以在几分钟内构建自己的故事。按照你的方式进行。</p>
</div><p>A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding monday.com.</p>
<div class="lb-trans"><p>一个好的起点是我们的分析，强调投资者对 monday.com 的 4 个关键回报的乐观预期。</p>
</div><h2>Looking for More Investment Ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Smart investing is all about staying ahead of the curve. Great opportunities are out there right now, waiting for decisive investors. You just need to know where to look.</p>
<div class="lb-trans"><p>聪明的投资在于始终走在潮流前面。现在有很好的机会在等待果断的投资者。你只需要知道在哪里寻找。</p>
</div><ul>
<li>Tap into strong growth potential by following these 24 AI penny stocks making waves in artificial intelligence and transforming entire industries with their forward-thinking innovations.</li>
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<li>Position yourself for tomorrow’s financial breakthroughs by tracking these 82 cryptocurrency and blockchain stocks at the forefront of blockchain advancements and new payment technologies.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过关注这 24 只在人工智能领域引起轰动的 AI 小盘股，利用强劲的增长潜力，这些公司正在用前瞻性的创新改变整个行业。</li>
<li>通过查看这些 16 只收益率超过 3% 的股息股票，受益于可靠的收入来源，这些股票在挑战性市场中持续提供有吸引力的收益。</li>
<li>通过跟踪这些 82 只处于区块链进步和新支付技术前沿的加密货币和区块链股票，为明天的金融突破做好准备。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

在强劲的利润和收入指引之后，重新评估 Monday.com（MNDY）的估值