Shopify (SHOP) Competitors

$109.14 -2.60 (-2.33%)

As of 03:28 PM Eastern

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

Should you be buying Shopify stock or one of its competitors? The main competitors of 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?

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

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Palantir Technologies	$5.22B	62.75	$1.63B	$0.89	154.01
Shopify	$12.37B	11.51	$1.23B	$1.01	108.06

In the previous week, Palantir Technologies had 176 more articles in the media than Shopify. MarketBeat recorded 254 mentions for Palantir Technologies and 78 mentions for Shopify. Palantir Technologies' average media sentiment score of 0.66 beat Shopify's score of 0.41 indicating that Palantir Technologies is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Palantir Technologies	110 Very Positive mention(s)	55 Positive mention(s)	58 Neutral mention(s)	14 Negative mention(s)	9 Very Negative mention(s)	Positive
Shopify	26 Very Positive mention(s)	12 Positive mention(s)	17 Neutral mention(s)	10 Negative mention(s)	2 Very Negative mention(s)	Neutral

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 will outperform the market over the long term.

Palantir Technologies has a beta of 1.52, suggesting that its stock price is 52% more volatile than the S&P 500. Comparatively, Shopify has a beta of 2.64, suggesting that its stock price is 164% more volatile than the S&P 500.

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 Technologies	43.67%	28.34%	23.57%
Shopify	10.77%	12.07%	10.37%

Palantir Technologies presently has a consensus target price of $194.68, indicating a potential upside of 42.03%. Shopify has a consensus target price of $158.42, indicating a potential upside of 45.15%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly 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)	11 Hold rating(s)	17 Buy rating(s)	1 Strong Buy rating(s)	2.55
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81

Summary

Palantir Technologies beats Shopify on 9 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 compare the two businesses based on the strength of their risk, profitability, earnings, dividends, institutional ownership, media sentiment, analyst recommendations and valuation.

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
SAP	$41.63B	5.11	$8.10B	$7.40	23.39
Shopify	$12.37B	11.51	$1.23B	$1.01	108.06

In the previous week, Shopify had 42 more articles in the media than SAP. MarketBeat recorded 78 mentions for Shopify and 36 mentions for SAP. Shopify's average media sentiment score of 0.41 beat SAP's score of 0.29 indicating that Shopify is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
SAP	7 Very Positive mention(s)	6 Positive mention(s)	21 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Neutral
Shopify	26 Very Positive mention(s)	12 Positive mention(s)	17 Neutral mention(s)	10 Negative mention(s)	2 Very Negative mention(s)	Neutral

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

SAP has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500. Comparatively, Shopify has a beta of 2.64, suggesting that its stock price is 164% more volatile than the S&P 500.

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
SAP	20.08%	17.31%	10.80%
Shopify	10.77%	12.07%	10.37%

SAP currently has a consensus target price of $288.00, indicating a potential upside of 66.39%. Shopify has a consensus target price of $158.42, indicating a potential upside of 45.15%. Given SAP's higher probable upside, equities 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)	2 Strong Buy rating(s)	2.76
Shopify	0 Sell rating(s)	10 Hold rating(s)	31 Buy rating(s)	2 Strong Buy rating(s)	2.81

Summary

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

AppLovin has a net margin of 64.29% compared to Shopify's net margin of 10.77%. AppLovin's return on equity of 245.95% beat Shopify's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
AppLovin	64.29%	245.95%	60.04%
Shopify	10.77%	12.07%	10.37%

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 currently has a consensus target price of $664.35, indicating a potential upside of 42.91%. Shopify has a consensus target price of $158.42, indicating a potential upside of 45.15%. Given Shopify's higher probable upside, analysts clearly 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	28.61	$3.33B	$9.75	47.68
Shopify	$12.37B	11.51	$1.23B	$1.01	108.06

In the previous week, Shopify had 14 more articles in the media than AppLovin. MarketBeat recorded 78 mentions for Shopify and 64 mentions for AppLovin. AppLovin's average media sentiment score of 0.85 beat Shopify's score of 0.41 indicating that AppLovin is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
AppLovin	28 Very Positive mention(s)	12 Positive mention(s)	13 Neutral mention(s)	4 Negative mention(s)	0 Very Negative mention(s)	Positive
Shopify	26 Very Positive mention(s)	12 Positive mention(s)	17 Neutral mention(s)	10 Negative mention(s)	2 Very Negative mention(s)	Neutral

AppLovin has a beta of 2.37, suggesting that its stock price is 137% more volatile than the S&P 500. Comparatively, Shopify has a beta of 2.64, suggesting that its stock price is 164% more volatile than the S&P 500.

Summary

AppLovin 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 compare the two businesses based on the strength of their profitability, institutional ownership, earnings, valuation, media sentiment, dividends, analyst recommendations and risk.

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
Shopify	10.77%	12.07%	10.37%
CrowdStrike	-3.81%	-0.14%	-0.06%

69.3% of Shopify shares are held by institutional investors. Comparatively, 71.2% of CrowdStrike shares are held by institutional investors. 3.3% of CrowdStrike shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Shopify currently has a consensus target price of $158.42, indicating a potential upside of 45.15%. CrowdStrike has a consensus target price of $506.82, indicating a potential downside of 3.62%. Given Shopify's stronger consensus rating and higher probable upside, equities research 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	1 Sell rating(s)	13 Hold rating(s)	37 Buy rating(s)	0 Strong Buy rating(s)	2.71

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
Shopify	$12.37B	11.51	$1.23B	$1.01	108.06
CrowdStrike	$4.81B	27.71	-$162.50M	-$0.74	N/A

In the previous week, Shopify had 42 more articles in the media than CrowdStrike. MarketBeat recorded 78 mentions for Shopify and 36 mentions for CrowdStrike. Shopify's average media sentiment score of 0.41 beat CrowdStrike's score of 0.14 indicating that Shopify is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	26 Very Positive mention(s)	12 Positive mention(s)	17 Neutral mention(s)	10 Negative mention(s)	2 Very Negative mention(s)	Neutral
CrowdStrike	13 Very Positive mention(s)	5 Positive mention(s)	9 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Neutral

Shopify has a beta of 2.64, suggesting that its share price is 164% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.06, suggesting that its share price is 6% more volatile than the S&P 500.

Summary

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

How does Shopify compare to Cloudflare?

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

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
Shopify	$12.37B	11.51	$1.23B	$1.01	108.06
Cloudflare	$2.17B	31.86	-$102.27M	-$0.25	N/A

Shopify currently has a consensus target price of $158.42, indicating a potential upside of 45.15%. Cloudflare has a consensus target price of $233.12, indicating a potential upside of 18.79%. Given Shopify's stronger consensus rating and higher probable upside, equities research analysts clearly believe Shopify is more favorable than Cloudflare.

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
Cloudflare	3 Sell rating(s)	7 Hold rating(s)	19 Buy rating(s)	0 Strong Buy rating(s)	2.55

69.3% of Shopify shares are held by institutional investors. Comparatively, 82.7% of Cloudflare shares are held by institutional investors. 10.9% of Cloudflare shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

In the previous week, Shopify had 2 more articles in the media than Cloudflare. MarketBeat recorded 78 mentions for Shopify and 76 mentions for Cloudflare. Cloudflare's average media sentiment score of 0.56 beat Shopify's score of 0.41 indicating that Cloudflare is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	26 Very Positive mention(s)	12 Positive mention(s)	17 Neutral mention(s)	10 Negative mention(s)	2 Very Negative mention(s)	Neutral
Cloudflare	28 Very Positive mention(s)	7 Positive mention(s)	20 Neutral mention(s)	13 Negative mention(s)	0 Very Negative mention(s)	Positive

Shopify has a beta of 2.64, suggesting that its share price is 164% more volatile than the S&P 500. Comparatively, Cloudflare has a beta of 1.67, suggesting that its share price is 67% more volatile than the S&P 500.

Shopify has a net margin of 10.77% compared to Cloudflare's net margin of -4.72%. Shopify's return on equity of 12.07% beat Cloudflare's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.77%	12.07%	10.37%
Cloudflare	-4.72%	-7.24%	-1.88%

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	$142.33B	$8.21B	$38.78B	$12.26B
Dividend Yield	N/A	0.89%	3.16%	5.24%
P/E Ratio	108.06	34.11	73.90	27.20
Price / Sales	11.51	6.01	621.92	64.32
Price / Cash	118.61	35.49	46.83	53.97
Price / Book	11.38	11.43	9.51	6.83
Net Income	$1.23B	$83.56M	$1.03B	$332.87M
7 Day Performance	N/A	N/A	N/A	0.16%
1 Month Performance	-9.13%	-0.71%	14.55%	7.17%
1 Year Performance	15.79%	551.48%	170.36%	40.61%

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	4.1667 of 5 stars	$109.14 -2.3%	$158.42 +45.1%	+18.2%	$142.33B	$12.37B	108.06	7,600	Trending News Earnings Report Analyst Forecast Options Volume
PLTR Palantir Technologies	4.3025 of 5 stars	$145.93 +1.3%	$192.17 +31.7%	+24.1%	$349.02B	$4.48B	231.64	4,429	Trending News Earnings Report Analyst Forecast
SAP SAP	4.8292 of 5 stars	$171.41 +0.4%	$288.00 +68.0%	-41.2%	$210.58B	$41.63B	23.16	110,650	Trending News Ex-Dividend
APP AppLovin	4.9346 of 5 stars	$474.97 +3.3%	$673.25 +41.7%	+64.4%	$160.20B	$5.48B	48.72	1,710	Trending News Earnings Report Analyst Forecast
CRWD CrowdStrike	2.0937 of 5 stars	$469.42 +3.0%	$505.29 +7.6%	+19.7%	$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 5/8/2026 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

Related Companies and Tools

Best-in-Class Portfolio Monitoring

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?

Which has preferable earnings and valuation, PLTR or SHOP?

Does the media favor PLTR or SHOP?

Do institutionals & insiders believe in PLTR or SHOP?

Which has more risk and volatility, PLTR or SHOP?

Is PLTR or SHOP more profitable?

Do analysts recommend PLTR or SHOP?

Summary

How does Shopify compare to SAP?

Which has higher valuation and earnings, SAP or SHOP?

Does the media refer more to SAP or SHOP?

Do institutionals and insiders believe in SAP or SHOP?

Which has more risk and volatility, SAP or SHOP?

Is SAP or SHOP more profitable?

Do analysts rate SAP or SHOP?

Summary

How does Shopify compare to AppLovin?

Is APP or SHOP more profitable?

Do institutionals and insiders believe in APP or SHOP?

Do analysts rate APP or SHOP?

Which has higher valuation and earnings, APP or SHOP?

Does the media refer more to APP or SHOP?

Which has more risk and volatility, APP or SHOP?

Summary

How does Shopify compare to CrowdStrike?

Is SHOP or CRWD more profitable?

Do institutionals and insiders believe in SHOP or CRWD?

Do analysts rate SHOP or CRWD?

Which has stronger valuation & earnings, SHOP or CRWD?

Does the media refer more to SHOP or CRWD?

Which has more volatility & risk, SHOP or CRWD?

Summary

How does Shopify compare to Cloudflare?

Which has stronger valuation & earnings, SHOP or NET?

Do analysts rate SHOP or NET?

Do institutionals and insiders believe in SHOP or NET?

Does the media refer more to SHOP or NET?

Which has more volatility & risk, SHOP or NET?

Is SHOP or NET more profitable?

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