Shopify (SHOP) Competitors

$97.42 +2.02 (+2.12%)

As of 04:00 PM Eastern

SHOP vs. PLTR, SAP, APP, CRWD, and NET

Should you buy Shopify stock or one of its competitors? MarketBeat compares Shopify with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Shopify include Palantir Technologies (PLTR), SAP (SAP), AppLovin (APP), CrowdStrike (CRWD), and Cloudflare (NET). These companies are all part of the "computer software" industry.

How does Shopify compare to Palantir Technologies?

Shopify (NASDAQ:SHOP) and Palantir Technologies (NASDAQ:PLTR) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, valuation, media sentiment, analyst recommendations, institutional ownership and dividends.

69.3% of Shopify shares are owned by institutional investors. Comparatively, 45.7% of Palantir Technologies shares are owned by institutional investors. 9.5% of Palantir Technologies shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Shopify currently has a consensus target price of $158.42, indicating a potential upside of 62.61%. Palantir Technologies has a consensus target price of $195.16, indicating a potential upside of 45.94%. Given Shopify's stronger consensus rating and higher possible upside, research analysts plainly believe Shopify is more favorable than Palantir Technologies.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81
Palantir Technologies	2 Sell rating(s)	10 Hold rating(s)	17 Buy rating(s)	2 Strong Buy rating(s)	2.61

Palantir Technologies has a net margin of 43.67% compared to Shopify's net margin of 10.77%. Palantir Technologies' return on equity of 28.34% beat Shopify's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.77%	12.07%	10.37%
Palantir Technologies	43.67%	28.34%	23.57%

Palantir Technologies has lower revenue, but higher earnings than Shopify. Shopify is trading at a lower price-to-earnings ratio than Palantir Technologies, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	$12.37B	10.27	$1.23B	$1.01	96.46
Palantir Technologies	$5.22B	61.22	$1.63B	$0.89	150.26

Shopify has a beta of 2.64, meaning that its share price is 164% more volatile than the broader market. Comparatively, Palantir Technologies has a beta of 1.52, meaning that its share price is 52% more volatile than the broader market.

In the previous week, Palantir Technologies had 123 more articles in the media than Shopify. MarketBeat recorded 160 mentions for Palantir Technologies and 37 mentions for Shopify. Shopify's average media sentiment score of 0.85 beat Palantir Technologies' score of 0.74 indicating that Shopify is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	18 Very Positive mention(s)	10 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Positive
Palantir Technologies	71 Very Positive mention(s)	26 Positive mention(s)	22 Neutral mention(s)	20 Negative mention(s)	9 Very Negative mention(s)	Positive

Summary

Shopify and Palantir Technologies tied by winning 8 of the 16 factors compared between the two stocks.

How does Shopify compare to SAP?

Shopify (NASDAQ:SHOP) and SAP (NYSE:SAP) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, valuation, media sentiment, analyst recommendations, institutional ownership and dividends.

Shopify currently has a consensus target price of $158.42, indicating a potential upside of 62.61%. SAP has a consensus target price of $288.00, indicating a potential upside of 75.46%. Given SAP's higher possible upside, analysts plainly believe SAP is more favorable than Shopify.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81
SAP	0 Sell rating(s)	7 Hold rating(s)	12 Buy rating(s)	2 Strong Buy rating(s)	2.76

SAP has higher revenue and earnings than Shopify. SAP is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	$12.37B	10.27	$1.23B	$1.01	96.46
SAP	$41.63B	4.84	$8.10B	$7.40	22.18

SAP has a net margin of 20.08% compared to Shopify's net margin of 10.77%. SAP's return on equity of 17.31% beat Shopify's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.77%	12.07%	10.37%
SAP	20.08%	17.31%	10.80%

69.3% of Shopify shares are owned by institutional investors. 7.4% of SAP shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Shopify had 8 more articles in the media than SAP. MarketBeat recorded 37 mentions for Shopify and 29 mentions for SAP. Shopify's average media sentiment score of 0.85 beat SAP's score of 0.46 indicating that Shopify is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	18 Very Positive mention(s)	10 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Positive
SAP	11 Very Positive mention(s)	3 Positive mention(s)	13 Neutral mention(s)	0 Negative mention(s)	1 Very Negative mention(s)	Neutral

Shopify has a beta of 2.64, meaning that its share price is 164% more volatile than the broader market. Comparatively, SAP has a beta of 1.11, meaning that its share price is 11% more volatile than the broader market.

Summary

Shopify and SAP tied by winning 8 of the 16 factors compared between the two stocks.

How does Shopify compare to AppLovin?

AppLovin (NASDAQ:APP) and Shopify (NASDAQ:SHOP) are both large-cap computer software companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, institutional ownership, dividends, earnings, analyst recommendations, media sentiment and profitability.

AppLovin currently has a consensus target price of $664.35, suggesting a potential upside of 36.93%. Shopify has a consensus target price of $158.42, suggesting a potential upside of 62.61%. Given Shopify's higher probable upside, analysts plainly believe Shopify is more favorable than AppLovin.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
AppLovin	0 Sell rating(s)	5 Hold rating(s)	17 Buy rating(s)	1 Strong Buy rating(s)	2.83
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81

AppLovin has higher earnings, but lower revenue than Shopify. AppLovin is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
AppLovin	$5.48B	29.86	$3.33B	$11.64	41.68
Shopify	$12.37B	10.27	$1.23B	$1.01	96.46

AppLovin has a net margin of 64.29% compared to Shopify's net margin of 10.77%. AppLovin's return on equity of 219.37% beat Shopify's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
AppLovin	64.29%	219.37%	57.43%
Shopify	10.77%	12.07%	10.37%

41.9% of AppLovin shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 13.7% of AppLovin shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, AppLovin had 8 more articles in the media than Shopify. MarketBeat recorded 45 mentions for AppLovin and 37 mentions for Shopify. AppLovin's average media sentiment score of 1.01 beat Shopify's score of 0.85 indicating that AppLovin is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
AppLovin	30 Very Positive mention(s)	4 Positive mention(s)	9 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Positive
Shopify	18 Very Positive mention(s)	10 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Positive

AppLovin has a beta of 2.37, suggesting that its share price is 137% more volatile than the broader market. Comparatively, Shopify has a beta of 2.64, suggesting that its share price is 164% more volatile than the broader market.

Summary

AppLovin beats Shopify on 10 of the 17 factors compared between the two stocks.

How does Shopify compare to CrowdStrike?

CrowdStrike (NASDAQ:CRWD) and Shopify (NASDAQ:SHOP) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, institutional ownership, dividends, earnings, analyst recommendations, media sentiment and profitability.

Shopify has higher revenue and earnings than CrowdStrike. CrowdStrike is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CrowdStrike	$4.81B	30.57	-$162.50M	-$0.74	N/A
Shopify	$12.37B	10.27	$1.23B	$1.01	96.46

CrowdStrike currently has a consensus target price of $509.31, suggesting a potential downside of 12.18%. Shopify has a consensus target price of $158.42, suggesting a potential upside of 62.61%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly believe Shopify is more favorable than CrowdStrike.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CrowdStrike	1 Sell rating(s)	13 Hold rating(s)	37 Buy rating(s)	0 Strong Buy rating(s)	2.71
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81

Shopify has a net margin of 10.77% compared to CrowdStrike's net margin of -3.81%. Shopify's return on equity of 12.07% beat CrowdStrike's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
CrowdStrike	-3.81%	-0.14%	-0.06%
Shopify	10.77%	12.07%	10.37%

CrowdStrike has a beta of 1.06, suggesting that its share price is 6% more volatile than the broader market. Comparatively, Shopify has a beta of 2.64, suggesting that its share price is 164% more volatile than the broader market.

71.2% of CrowdStrike shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 1.7% of CrowdStrike shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, CrowdStrike had 1 more articles in the media than Shopify. MarketBeat recorded 38 mentions for CrowdStrike and 37 mentions for Shopify. Shopify's average media sentiment score of 0.85 beat CrowdStrike's score of -0.05 indicating that Shopify is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
CrowdStrike	12 Very Positive mention(s)	6 Positive mention(s)	7 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
Shopify	18 Very Positive mention(s)	10 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Positive

Summary

Shopify beats CrowdStrike on 12 of the 17 factors compared between the two stocks.

How does Shopify compare to Cloudflare?

Cloudflare (NYSE:NET) and Shopify (NASDAQ:SHOP) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, institutional ownership, valuation, earnings, analyst recommendations, media sentiment, dividends and profitability.

Shopify has higher revenue and earnings than Cloudflare. Cloudflare is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Cloudflare	$2.33B	30.13	-$102.27M	-$0.25	N/A
Shopify	$12.37B	10.27	$1.23B	$1.01	96.46

Cloudflare presently has a consensus target price of $236.68, suggesting a potential upside of 18.72%. Shopify has a consensus target price of $158.42, suggesting a potential upside of 62.61%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly believe Shopify is more favorable than Cloudflare.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Cloudflare	3 Sell rating(s)	7 Hold rating(s)	18 Buy rating(s)	0 Strong Buy rating(s)	2.54
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81

Shopify has a net margin of 10.77% compared to Cloudflare's net margin of -3.72%. Shopify's return on equity of 12.07% beat Cloudflare's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Cloudflare	-3.72%	-5.65%	-1.34%
Shopify	10.77%	12.07%	10.37%

Cloudflare has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market. Comparatively, Shopify has a beta of 2.64, meaning that its stock price is 164% more volatile than the broader market.

82.7% of Cloudflare shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 10.9% of Cloudflare shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

In the previous week, Cloudflare had 20 more articles in the media than Shopify. MarketBeat recorded 57 mentions for Cloudflare and 37 mentions for Shopify. Shopify's average media sentiment score of 0.85 beat Cloudflare's score of 0.38 indicating that Shopify is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Cloudflare	17 Very Positive mention(s)	6 Positive mention(s)	20 Neutral mention(s)	12 Negative mention(s)	1 Very Negative mention(s)	Neutral
Shopify	18 Very Positive mention(s)	10 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Positive

Summary

Shopify beats Cloudflare on 13 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

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.

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ 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.

SHOP vs. The Competition

Export

Metric	Shopify	Prepackaged software Industry	Computer Sector	NASDAQ Exchange
Market Cap	$127.05B	$7.43B	$39.48B	$12.46B
Dividend Yield	N/A	0.89%	3.20%	5.30%
P/E Ratio	96.46	26.43	163.78	25.58
Price / Sales	10.27	5.83	623.31	63.56
Price / Cash	112.31	34.79	47.82	55.34
Price / Book	10.16	11.25	9.56	6.70
Net Income	$1.23B	$83.56M	$1.03B	$333.77M
7 Day Performance	-12.82%	-1.72%	0.39%	0.45%
1 Month Performance	-17.19%	-7.34%	9.60%	4.06%
1 Year Performance	-12.59%	541.28%	164.82%	36.21%

Shopify Competitors List

Export

Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
SHOP Shopify	4.8124 of 5 stars	$97.42 +2.1%	$158.42 +62.6%	-11.4%	$127.05B	$12.37B	96.46	7,600
PLTR Palantir Technologies	4.6647 of 5 stars	$145.93 +1.3%	$192.17 +31.7%	+1.5%	$349.02B	$4.48B	231.64	4,429	Trending News Analyst Forecast Analyst Revision
SAP SAP	4.8419 of 5 stars	$171.41 +0.4%	$288.00 +68.0%	-44.5%	$210.58B	$41.63B	23.16	110,650	Trending News Analyst Forecast Analyst Revision
APP AppLovin	4.9732 of 5 stars	$474.97 +3.3%	$673.25 +41.7%	+22.5%	$160.20B	$5.48B	48.72	1,710	Positive News
CRWD CrowdStrike	2.4683 of 5 stars	$469.42 +3.0%	$505.29 +7.6%	+27.8%	$119.05B	$4.81B	N/A	10,698	Trending News Analyst Forecast Insider Trade

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This page (NASDAQ:SHOP) was last updated on 5/14/2026 by MarketBeat.com Staff.

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Shopify (SHOP) Competitors

SHOP vs. PLTR, SAP, APP, CRWD, and NET

How does Shopify compare to Palantir Technologies?

Summary

How does Shopify compare to SAP?

Summary

How does Shopify compare to AppLovin?

Summary

How does Shopify compare to CrowdStrike?

Summary

How does Shopify compare to Cloudflare?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

SHOP vs. The Competition

Shopify Competitors List

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Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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Shopify (SHOP) Competitors

SHOP vs. PLTR, SAP, APP, CRWD, and NET

How does Shopify compare to Palantir Technologies?

Do insiders & institutionals have more ownership in SHOP or PLTR?

Do analysts rate SHOP or PLTR?

Is SHOP or PLTR more profitable?

Which has preferable valuation and earnings, SHOP or PLTR?

Which has more volatility and risk, SHOP or PLTR?

Does the media refer more to SHOP or PLTR?

Summary

How does Shopify compare to SAP?

Do analysts rate SHOP or SAP?

Which has preferable valuation and earnings, SHOP or SAP?

Is SHOP or SAP more profitable?

Do insiders & institutionals have more ownership in SHOP or SAP?

Does the media refer more to SHOP or SAP?

Which has more volatility and risk, SHOP or SAP?

Summary

How does Shopify compare to AppLovin?

Do analysts prefer APP or SHOP?

Which has higher earnings & valuation, APP or SHOP?

Is APP or SHOP more profitable?

Do institutionals & insiders hold more shares of APP or SHOP?

Does the media favor APP or SHOP?

Which has more volatility and risk, APP or SHOP?

Summary

How does Shopify compare to CrowdStrike?

Which has higher earnings & valuation, CRWD or SHOP?

Do analysts prefer CRWD or SHOP?

Is CRWD or SHOP more profitable?

Which has more volatility and risk, CRWD or SHOP?

Do institutionals & insiders hold more shares of CRWD or SHOP?

Does the media favor CRWD or SHOP?

Summary

How does Shopify compare to Cloudflare?

Which has stronger earnings and valuation, NET or SHOP?

Do analysts prefer NET or SHOP?

Is NET or SHOP more profitable?

Which has more risk and volatility, NET or SHOP?

Do insiders and institutionals hold more shares of NET or SHOP?

Does the media favor NET or SHOP?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

SHOP vs. The Competition

Shopify Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools