SHOP vs. SNPS, CDNS, CRWD, NTES, TEAM, SNOW, ADSK, DDOG, NOW, and HUBS
Should you be buying Shopify stock or one of its competitors? The main competitors of Shopify include Synopsys (SNPS), Cadence Design Systems (CDNS), CrowdStrike (CRWD), NetEase (NTES), Atlassian (TEAM), Snowflake (SNOW), Autodesk (ADSK), Datadog (DDOG), ServiceNow (NOW), and HubSpot (HUBS). These companies are all part of the "prepackaged software" industry.
Shopify (NYSE:SHOP) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, community ranking, institutional ownership, risk, media sentiment, profitability, valuation, dividends and earnings.
Shopify has a beta of 2.22, indicating that its stock price is 122% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.06, indicating that its stock price is 6% more volatile than the S&P 500.
69.3% of Shopify shares are owned by institutional investors. Comparatively, 85.5% of Synopsys shares are owned by institutional investors. 0.7% of Synopsys shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Synopsys has lower revenue, but higher earnings than Shopify. Synopsys is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.
Shopify received 540 more outperform votes than Synopsys when rated by MarketBeat users. However, 72.09% of users gave Synopsys an outperform vote while only 66.88% of users gave Shopify an outperform vote.
Shopify presently has a consensus price target of $78.30, suggesting a potential upside of 9.77%. Synopsys has a consensus price target of $601.00, suggesting a potential upside of 10.55%. Given Synopsys' stronger consensus rating and higher probable upside, analysts plainly believe Synopsys is more favorable than Shopify.
In the previous week, Shopify had 1 more articles in the media than Synopsys. MarketBeat recorded 13 mentions for Shopify and 12 mentions for Synopsys. Synopsys' average media sentiment score of 1.13 beat Shopify's score of 0.79 indicating that Synopsys is being referred to more favorably in the news media.
Synopsys has a net margin of 22.96% compared to Shopify's net margin of 1.87%. Synopsys' return on equity of 22.88% beat Shopify's return on equity.
Summary
Synopsys beats Shopify on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SHOP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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