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Shopify (SHOP) Competitors

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$119.22 -2.66 (-2.18%)
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?

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 valuation, dividends, profitability, earnings, analyst recommendations, risk, institutional ownership and media sentiment.

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

In the previous week, Palantir Technologies had 161 more articles in the media than Shopify. MarketBeat recorded 177 mentions for Palantir Technologies and 16 mentions for Shopify. Palantir Technologies' average media sentiment score of 0.61 beat Shopify's score of 0.48 indicating that Palantir Technologies is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
6 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Palantir Technologies
85 Very Positive mention(s)
28 Positive mention(s)
33 Neutral mention(s)
20 Negative mention(s)
8 Very Negative mention(s)
Positive

Shopify currently has a consensus target price of $156.06, suggesting a potential upside of 30.90%. Palantir Technologies has a consensus target price of $190.85, suggesting a potential upside of 44.34%. Given Palantir Technologies' higher possible upside, analysts plainly believe Palantir Technologies 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
Palantir Technologies
3 Sell rating(s)
11 Hold rating(s)
19 Buy rating(s)
2 Strong Buy rating(s)
2.57

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
Shopify10.77% 12.07% 10.37%
Palantir Technologies 43.67%28.34%23.57%

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

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B13.39$1.23B$1.01118.04
Palantir Technologies$4.48B70.82$1.63B$0.89148.56

Summary

Palantir Technologies beats Shopify on 10 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 risk, media sentiment, institutional ownership, valuation, dividends, analyst recommendations, earnings and profitability.

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

In the previous week, SAP had 3 more articles in the media than Shopify. MarketBeat recorded 19 mentions for SAP and 16 mentions for Shopify. Shopify's average media sentiment score of 0.48 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
6 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
SAP
7 Very Positive mention(s)
4 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Shopify presently has a consensus price target of $156.06, indicating a potential upside of 30.90%. SAP has a consensus price target of $283.40, indicating a potential upside of 79.83%. Given SAP's higher possible upside, analysts clearly 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)
1 Strong Buy rating(s)
2.70

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

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$11.56B13.39$1.23B$1.01118.04
SAP$41.63B4.65$8.10B$7.4021.30

Summary

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

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%

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 stock is poised for long-term growth.

Shopify presently has a consensus target price of $156.06, indicating a potential upside of 30.90%. CrowdStrike has a consensus target price of $176.70, indicating a potential downside of 7.55%. Given Shopify's stronger consensus rating and higher probable 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)
14 Hold rating(s)
35 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, CrowdStrike had 13 more articles in the media than Shopify. MarketBeat recorded 29 mentions for CrowdStrike and 16 mentions for Shopify. Shopify's average media sentiment score of 0.48 beat CrowdStrike's score of 0.13 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
6 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
CrowdStrike
11 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

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$11.56B13.39$1.23B$1.01118.04
CrowdStrike$4.81B40.44-$162.50M-$0.05N/A

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

Summary

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

How does Shopify compare to AppLovin?

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

In the previous week, AppLovin had 17 more articles in the media than Shopify. MarketBeat recorded 33 mentions for AppLovin and 16 mentions for Shopify. AppLovin's average media sentiment score of 1.12 beat Shopify's score of 0.48 indicating that AppLovin is being referred to more favorably in the news media.

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

AppLovin has lower revenue, but higher earnings 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
Shopify$11.56B13.39$1.23B$1.01118.04
AppLovin$5.48B32.01$3.33B$11.6444.86

Shopify currently has a consensus price target of $156.06, indicating a potential upside of 30.90%. AppLovin has a consensus price target of $668.45, indicating a potential upside of 28.01%. 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
Shopify
0 Sell rating(s)
10 Hold rating(s)
31 Buy rating(s)
2 Strong Buy rating(s)
2.81
AppLovin
0 Sell rating(s)
5 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
2.88

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
Shopify10.77% 12.07% 10.37%
AppLovin 64.29%219.37%57.43%

69.3% of Shopify shares are owned by institutional investors. Comparatively, 41.9% of AppLovin 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 company is poised for long-term growth.

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

Summary

AppLovin beats Shopify on 10 of the 16 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 superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk, dividends and media sentiment.

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

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

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%

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$3.43B27.12$107.74M$0.38687.08
Shopify$11.56B13.39$1.23B$1.01118.04

In the previous week, Datadog had 21 more articles in the media than Shopify. MarketBeat recorded 37 mentions for Datadog and 16 mentions for Shopify. Datadog's average media sentiment score of 0.90 beat Shopify's score of 0.48 indicating that Datadog is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Datadog
25 Very Positive mention(s)
4 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
6 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral

Datadog currently has a consensus target price of $244.73, indicating a potential downside of 6.27%. Shopify has a consensus target price of $156.06, indicating a potential upside of 30.90%. Given Shopify's higher probable upside, analysts plainly 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)
1 Strong Buy rating(s)
2.89
Shopify
0 Sell rating(s)
10 Hold rating(s)
31 Buy rating(s)
2 Strong Buy rating(s)
2.81

Summary

Shopify beats Datadog on 9 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$158.16B$9.39B$38.47B$12.46B
Dividend YieldN/A0.89%3.19%7.39%
P/E Ratio118.0425.45168.8424.24
Price / Sales13.395.18599.1596.53
Price / Cash137.1037.5545.0156.96
Price / Book11.5411.179.476.38
Net Income$1.23B$84.01M$1.07B$331.19M
7 Day Performance-1.98%-2.19%-2.32%-1.84%
1 Month Performance7.62%-3.80%-1.59%0.85%
1 Year Performance5.99%543.96%139.40%22.18%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.6174 of 5 stars
$119.22
-2.2%
$156.06
+30.9%
+4.5%$158.16B$11.56B118.047,600
PLTR
Palantir Technologies
4.5616 of 5 stars
$115.81
+2.6%
$190.46
+64.5%
-3.4%$277.64B$4.48B130.134,429
SAP
SAP
4.9469 of 5 stars
$155.18
+0.1%
$283.40
+82.6%
-46.7%$190.64B$41.63B20.97110,650
CRWD
CrowdStrike
2.6747 of 5 stars
$742.89
+6.0%
$699.02
-5.9%
+54.0%$189.12B$4.81BN/A10,698
APP
AppLovin
4.846 of 5 stars
$498.72
+4.5%
$668.27
+34.0%
+53.0%$167.54B$5.48B42.851,710

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This page (NASDAQ:SHOP) was last updated on 7/8/2026 by MarketBeat.com Staff.
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