Will MongoDB Stock Ever Get Back To Its Old High? Trefis Team Thu, November 12, 2026 at 10:45 AM EST 3 min read MDB +0.32% MSFT +1.43% AMZN +1.62% GOOG +1.69% ORCL +0.21% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
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MongoDB (MDB) stock set its old high in November 2021, and its latest close is 42.2% below that high. Holders who stayed have a simple worry: will the shares ever trade there again? Many still measure every move against the November 2021 price, as if that were where MongoDB belongs. So what would getting back to that price actually take?
MongoDB Stock Needs A 73% Gain To Get Back
Based on its close on November 11, 2026, MongoDB stock would have to rise 73.0% to reach its old high. This climb is significantly steeper than the 42.2% the shares have lost. Even if reclaiming that peak took three years, it would require an average return of 20.1% a year just to be back where the shares stood in November 2021.
Has MongoDB Stock Ever Gained 73% In Three Years?
It has. MongoDB's price history runs back to October 2017, and a three-year stretch of 756 trading sessions can start on any trading day that leaves a full three years before the latest close. The stock gained 73.0% or more in 39.2% of those stretches. In the rest, though, it fell short: MongoDB stock will need a run it has made in fewer than half of its three-year periods.
What Has Waiting Cost MongoDB Holders?
Five years have passed since the November 2021 high. Over that period, MongoDB shares are down 42.2% before dividends, while the S&P 500 is up 62.1% on the same basis. The long wait has cost investors more than the decline itself, because the same money would have grown in the index while the shares sat below their old high.
Is MongoDB The Same Business It Was Then?
No. MongoDB is now a much larger company, selling its database mainly through its Atlas cloud service, and also as self-managed software that customers run themselves.
Revenue over the twelve months ending July 2026 rose 257.6% from the twelve months before the high. During that same timeframe, the operating margin improved from a loss of 34.7% of revenue to a loss of 0.522%, meaning the operating loss has nearly closed. The business is far bigger and the stock far lower, so each dollar of sales now costs investors far less than it did at the high.
MongoDB stock currently trades at 9.8 times its sales over the past twelve months. Evaluating whether today's business is worth that price is a better question for investors than when the old high will return.
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