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Shopify (SHOP) Competitors

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$124.74 +2.20 (+1.80%)
As of 04:00 PM Eastern

SHOP vs. PLTR, CRWD, SAP, 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), CrowdStrike (CRWD), SAP (SAP), 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 better business? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, dividends, analyst recommendations, risk, media sentiment and valuation.

Palantir Technologies currently has a consensus price target of $190.85, indicating a potential upside of 46.75%. Shopify has a consensus price target of $157.58, indicating a potential upside of 26.33%. Given Palantir Technologies' higher possible upside, research analysts plainly believe Palantir Technologies is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Palantir Technologies
3 Sell rating(s)
11 Hold rating(s)
19 Buy rating(s)
2 Strong Buy rating(s)
2.57
Shopify
0 Sell rating(s)
10 Hold rating(s)
32 Buy rating(s)
3 Strong Buy rating(s)
2.84

In the previous week, Palantir Technologies had 99 more articles in the media than Shopify. MarketBeat recorded 145 mentions for Palantir Technologies and 46 mentions for Shopify. Shopify's average media sentiment score of 0.80 beat Palantir Technologies' score of 0.65 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
71 Very Positive mention(s)
20 Positive mention(s)
24 Neutral mention(s)
18 Negative mention(s)
9 Very Negative mention(s)
Positive
Shopify
22 Very Positive mention(s)
8 Positive mention(s)
7 Neutral mention(s)
4 Negative mention(s)
2 Very Negative mention(s)
Positive

Palantir Technologies has a beta of 1.56, suggesting that its stock price is 56% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, suggesting that its stock price is 158% more volatile than the broader market.

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 company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

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$4.48B69.66$1.63B$0.89146.12
Shopify$11.56B14.01$1.23B$1.01123.50

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%

Summary

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

Shopify has a net margin of 10.77% compared to CrowdStrike's net margin of -0.89%. 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 -0.89%2.29%0.94%

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$11.56B14.01$1.23B$1.01123.50
CrowdStrike$4.81B39.76-$162.50M-$0.05N/A

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

In the previous week, Shopify had 19 more articles in the media than CrowdStrike. MarketBeat recorded 46 mentions for Shopify and 27 mentions for CrowdStrike. Shopify's average media sentiment score of 0.80 beat CrowdStrike's score of 0.51 indicating that Shopify is being referred to more favorably in the media.

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

Shopify currently has a consensus target price of $157.58, suggesting a potential upside of 26.33%. CrowdStrike has a consensus target price of $178.32, suggesting a potential downside of 5.10%. Given Shopify's stronger consensus rating and higher possible upside, equities research analysts plainly 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)
32 Buy rating(s)
3 Strong Buy rating(s)
2.84
CrowdStrike
2 Sell rating(s)
13 Hold rating(s)
35 Buy rating(s)
0 Strong Buy rating(s)
2.66

Shopify has a beta of 2.58, indicating that its stock price is 158% more volatile than the broader market. Comparatively, CrowdStrike has a beta of 1.24, indicating that its stock price is 24% more volatile than the broader market.

Summary

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

How does Shopify compare to SAP?

SAP (NYSE:SAP) and Shopify (NASDAQ:SHOP) 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 profitability, earnings, risk, dividends, analyst recommendations, media sentiment, institutional ownership and valuation.

SAP presently has a consensus target price of $283.40, indicating a potential upside of 77.03%. Shopify has a consensus target price of $157.58, indicating a potential upside of 26.33%. Given SAP's higher probable upside, equities research analysts clearly believe SAP is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SAP
0 Sell rating(s)
7 Hold rating(s)
12 Buy rating(s)
1 Strong Buy rating(s)
2.70
Shopify
0 Sell rating(s)
10 Hold rating(s)
32 Buy rating(s)
3 Strong Buy rating(s)
2.84

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 large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

In the previous week, Shopify had 27 more articles in the media than SAP. MarketBeat recorded 46 mentions for Shopify and 19 mentions for SAP. Shopify's average media sentiment score of 0.80 beat SAP'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
SAP
6 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Shopify
22 Very Positive mention(s)
8 Positive mention(s)
7 Neutral mention(s)
4 Negative mention(s)
2 Very Negative mention(s)
Positive

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
SAP20.08% 17.31% 10.80%
Shopify 10.77%12.07%10.37%

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
SAP$41.63B4.72$8.10B$7.4021.63
Shopify$11.56B14.01$1.23B$1.01123.50

SAP has a beta of 1.14, suggesting that its share price is 14% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, suggesting that its share price is 158% more volatile than the broader market.

Summary

Shopify beats SAP on 9 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 better investment? We will contrast the two businesses based on the strength of their profitability, risk, earnings, valuation, analyst recommendations, media sentiment, dividends and institutional ownership.

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%

AppLovin has a beta of 2.49, suggesting that its share price is 149% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, suggesting that its share price is 158% more volatile than the broader market.

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 company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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$5.48B27.14$3.33B$11.6438.05
Shopify$11.56B14.01$1.23B$1.01123.50

In the previous week, Shopify had 7 more articles in the media than AppLovin. MarketBeat recorded 46 mentions for Shopify and 39 mentions for AppLovin. AppLovin's average media sentiment score of 1.07 beat Shopify's score of 0.80 indicating that AppLovin is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
AppLovin
20 Very Positive mention(s)
6 Positive mention(s)
4 Neutral mention(s)
4 Negative mention(s)
2 Very Negative mention(s)
Positive
Shopify
22 Very Positive mention(s)
8 Positive mention(s)
7 Neutral mention(s)
4 Negative mention(s)
2 Very Negative mention(s)
Positive

AppLovin presently has a consensus target price of $668.45, indicating a potential upside of 50.94%. Shopify has a consensus target price of $157.58, indicating a potential upside of 26.33%. Given AppLovin's stronger consensus rating and higher probable upside, equities analysts clearly believe AppLovin is more favorable than Shopify.

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)
2 Strong Buy rating(s)
2.88
Shopify
0 Sell rating(s)
10 Hold rating(s)
32 Buy rating(s)
3 Strong Buy rating(s)
2.84

Summary

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

How does Shopify compare to Datadog?

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

In the previous week, Shopify had 8 more articles in the media than Datadog. MarketBeat recorded 46 mentions for Shopify and 38 mentions for Datadog. Datadog's average media sentiment score of 0.83 beat Shopify's score of 0.80 indicating that Datadog is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Datadog
23 Very Positive mention(s)
6 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
22 Very Positive mention(s)
8 Positive mention(s)
7 Neutral mention(s)
4 Negative mention(s)
2 Very Negative mention(s)
Positive

Datadog currently has a consensus price target of $244.73, indicating a potential downside of 5.96%. Shopify has a consensus price target of $157.58, indicating a potential upside of 26.33%. Given Shopify's higher probable upside, analysts clearly believe Shopify is more favorable than Datadog.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Datadog
2 Sell rating(s)
2 Hold rating(s)
40 Buy rating(s)
2 Strong Buy rating(s)
2.91
Shopify
0 Sell rating(s)
10 Hold rating(s)
32 Buy rating(s)
3 Strong Buy rating(s)
2.84

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
Datadog3.69% 4.83% 2.72%
Shopify 10.77%12.07%10.37%

Datadog has a beta of 1.54, suggesting that its stock price is 54% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, suggesting that its stock price is 158% more volatile than the broader market.

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
Datadog$3.43B27.03$107.74M$0.38684.84
Shopify$11.56B14.01$1.23B$1.01123.50

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

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$159.01B$9.43B$39.25B$12.61B
Dividend YieldN/A0.89%3.19%8.00%
P/E Ratio123.5125.66170.0224.26
Price / Sales14.014.73597.7994.41
Price / Cash137.8537.6345.8249.36
Price / Book12.0811.199.496.29
Net Income$1.23B$84.01M$1.07B$330.66M
7 Day Performance3.83%-5.56%-1.86%-2.41%
1 Month Performance15.24%-4.58%-1.40%-0.64%
1 Year Performance11.27%538.77%140.49%20.09%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.465 of 5 stars
$124.74
+1.8%
$157.58
+26.3%
+9.3%$159.01B$11.56B123.517,600
PLTR
Palantir Technologies
4.6195 of 5 stars
$132.57
+2.5%
$190.85
+44.0%
-10.8%$317.82B$5.22B148.964,429
CRWD
CrowdStrike
3.2217 of 5 stars
$199.41
+2.8%
$174.76
-12.4%
+56.5%$203.05B$5.09BN/A10,698
SAP
SAP
4.7067 of 5 stars
$160.52
-1.3%
$283.40
+76.6%
-47.5%$197.20B$37.34B21.69110,650
APP
AppLovin
4.9775 of 5 stars
$543.94
+3.2%
$668.27
+22.9%
+51.3%$182.73B$5.48B46.731,710

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This page (NASDAQ:SHOP) was last updated on 7/13/2026 by MarketBeat.com Staff.
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