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Shopify (SHOP) Competitors

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$112.94 -4.07 (-3.48%)
As of 04:00 PM Eastern

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

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), CrowdStrike (CRWD), AppLovin (APP), and Datadog (DDOG). These companies are all part of the "computer software" industry.

How does Shopify compare to Palantir Technologies?

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

Palantir Technologies has higher earnings, but lower revenue 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Palantir Technologies$4.48B76.17$1.63B$0.89159.78
Shopify$11.56B12.68$1.23B$1.01111.82

Palantir Technologies currently has a consensus price target of $192.76, suggesting a potential upside of 35.56%. Shopify has a consensus price target of $157.17, suggesting a potential upside of 39.16%. Given Shopify's stronger consensus rating and higher possible upside, analysts plainly believe Shopify is more favorable than Palantir Technologies.

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

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
Palantir Technologies43.67% 28.34% 23.57%
Shopify 10.77%12.07%10.37%

45.7% of Palantir Technologies shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 9.5% of Palantir Technologies shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Palantir Technologies has a beta of 1.53, suggesting that its stock price is 53% more volatile than the broader market. Comparatively, Shopify has a beta of 2.6, suggesting that its stock price is 160% more volatile than the broader market.

In the previous week, Palantir Technologies had 124 more articles in the media than Shopify. MarketBeat recorded 160 mentions for Palantir Technologies and 36 mentions for Shopify. Shopify's average media sentiment score of 0.92 beat Palantir Technologies' score of 0.90 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Palantir Technologies
90 Very Positive mention(s)
21 Positive mention(s)
31 Neutral mention(s)
10 Negative mention(s)
4 Very Negative mention(s)
Positive
Shopify
21 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

Summary

Palantir Technologies and Shopify 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 superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B12.68$1.23B$1.01111.82
SAP$41.63B5.34$8.10B$7.4024.45

Shopify has a beta of 2.6, suggesting that its share price is 160% more volatile than the broader market. Comparatively, SAP has a beta of 1.12, suggesting that its share price is 12% more volatile than the broader market.

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
Shopify10.77% 12.07% 10.37%
SAP 20.08%17.31%10.80%

In the previous week, Shopify had 29 more articles in the media than SAP. MarketBeat recorded 36 mentions for Shopify and 7 mentions for SAP. Shopify's average media sentiment score of 0.92 beat SAP's score of 0.35 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
21 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
SAP
3 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

Shopify currently has a consensus target price of $157.17, suggesting a potential upside of 39.16%. SAP has a consensus target price of $288.00, suggesting a potential upside of 59.19%. Given SAP's higher probable 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)
11 Buy rating(s)
1 Strong Buy rating(s)
2.68

Summary

Shopify beats SAP on 9 of the 17 factors compared between the two stocks.

How does Shopify compare to CrowdStrike?

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B12.68$1.23B$1.01111.82
CrowdStrike$4.81B39.40-$162.50M-$0.74N/A

69.3% of Shopify shares are held by institutional investors. Comparatively, 71.2% of CrowdStrike shares are held by institutional investors. 1.7% of CrowdStrike shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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
Shopify10.77% 12.07% 10.37%
CrowdStrike -3.81%-0.14%-0.06%

In the previous week, CrowdStrike had 35 more articles in the media than Shopify. MarketBeat recorded 71 mentions for CrowdStrike and 36 mentions for Shopify. Shopify's average media sentiment score of 0.92 beat CrowdStrike's score of 0.38 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
21 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
CrowdStrike
25 Very Positive mention(s)
7 Positive mention(s)
15 Neutral mention(s)
3 Negative mention(s)
4 Very Negative mention(s)
Neutral

Shopify has a beta of 2.6, suggesting that its share price is 160% more volatile than the broader market. Comparatively, CrowdStrike has a beta of 1.25, suggesting that its share price is 25% more volatile than the broader market.

Shopify presently has a consensus price target of $157.17, indicating a potential upside of 39.16%. CrowdStrike has a consensus price target of $578.10, indicating a potential downside of 22.67%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly believe Shopify is more favorable than CrowdStrike.

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
CrowdStrike
2 Sell rating(s)
13 Hold rating(s)
36 Buy rating(s)
0 Strong Buy rating(s)
2.67

Summary

Shopify beats CrowdStrike on 12 of the 17 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 superior investment? We will contrast the two companies based on the strength of their risk, institutional ownership, valuation, profitability, media sentiment, analyst recommendations, earnings and dividends.

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
AppLovin64.29% 219.37% 57.43%
Shopify 10.77%12.07%10.37%

In the previous week, AppLovin had 11 more articles in the media than Shopify. MarketBeat recorded 47 mentions for AppLovin and 36 mentions for Shopify. AppLovin's average media sentiment score of 1.00 beat Shopify's score of 0.92 indicating that AppLovin is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
AppLovin
36 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
21 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

41.9% of AppLovin shares are owned by institutional investors. Comparatively, 69.3% of Shopify shares are owned by institutional investors. 13.7% of AppLovin shares are owned by 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.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
AppLovin$5.48B34.99$3.33B$11.6449.04
Shopify$11.56B12.68$1.23B$1.01111.82

AppLovin presently has a consensus price target of $664.35, suggesting a potential upside of 16.38%. Shopify has a consensus price target of $157.17, suggesting a potential upside of 39.16%. 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 a beta of 2.45, indicating that its stock price is 145% more volatile than the broader market. Comparatively, Shopify has a beta of 2.6, indicating that its stock price is 160% 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 Datadog?

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

69.3% of Shopify shares are held by institutional investors. Comparatively, 78.3% of Datadog shares are held by institutional investors. 6.5% of Datadog shares are held by company 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.

Shopify has a beta of 2.6, suggesting that its share price is 160% more volatile than the broader market. Comparatively, Datadog has a beta of 1.56, suggesting that its share price is 56% more volatile than the broader market.

Shopify has a net margin of 10.77% compared to Datadog's net margin of 3.69%. Shopify's return on equity of 12.07% beat Datadog's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.77% 12.07% 10.37%
Datadog 3.69%4.83%2.72%

In the previous week, Shopify had 1 more articles in the media than Datadog. MarketBeat recorded 36 mentions for Shopify and 35 mentions for Datadog. Datadog's average media sentiment score of 1.31 beat Shopify's score of 0.92 indicating that Datadog is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
21 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Datadog
27 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B12.68$1.23B$1.01111.82
Datadog$3.43B26.00$107.74M$0.38658.76

Shopify currently has a consensus price target of $157.17, suggesting a potential upside of 39.16%. Datadog has a consensus price target of $219.69, suggesting a potential downside of 12.24%. Given Shopify's higher probable upside, research analysts clearly believe Shopify is more favorable than Datadog.

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
Datadog
2 Sell rating(s)
1 Hold rating(s)
40 Buy rating(s)
1 Strong Buy rating(s)
2.91

Summary

Shopify beats Datadog on 10 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.
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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.
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SHOP vs. The Competition

MetricShopifyPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$146.56B$7.98B$40.59B$12.42B
Dividend YieldN/A0.89%3.10%5.29%
P/E Ratio111.8226.27173.1024.19
Price / Sales12.685.89624.91138.36
Price / Cash139.6237.8351.7757.88
Price / Book10.9311.3310.096.72
Net Income$1.23B$73.50M$1.06B$337.19M
7 Day Performance5.95%5.61%3.81%0.48%
1 Month Performance-11.54%-3.01%10.98%5.07%
1 Year Performance7.45%546.44%170.16%34.25%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.58 of 5 stars
$112.94
-3.5%
$157.17
+39.2%
+16.5%$146.56B$11.56B111.827,600
PLTR
Palantir Technologies
4.6558 of 5 stars
$136.88
flat
$192.76
+40.8%
+15.2%$328.14B$4.48B153.804,429
SAP
SAP
4.6997 of 5 stars
$176.04
+0.1%
$288.00
+63.6%
-37.2%$216.26B$41.63B23.79110,650
CRWD
CrowdStrike
2.7336 of 5 stars
$663.46
flat
$543.80
-18.0%
+60.5%$168.26B$4.81BN/A10,698
APP
AppLovin
4.414 of 5 stars
$481.68
flat
$664.35
+37.9%
+50.7%$161.82B$5.48B41.381,710

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This page (NASDAQ:SHOP) was last updated on 6/3/2026 by MarketBeat.com Staff.
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