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Shopify (SHOP) Competitors

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$148.65 +2.04 (+1.39%)
As of 09:59 AM Eastern
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SHOP vs. SNOW, NET, NBIS, TWLO, and VRSN

Should you buy Shopify stock or one of its competitors? Shopify's main competitors and comparable companies include Snowflake (SNOW), Cloudflare (NET), Nebius Group (NBIS), Twilio (TWLO), and VeriSign (VRSN). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "internet services & infrastructure" industry.

How does Shopify compare to Snowflake?

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

Shopify has higher revenue and earnings than Snowflake. Snowflake 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
Snowflake$4.68B22.29-$1.33B-$3.18N/A
Shopify$11.56B16.32$1.23B$1.6489.40

Snowflake has a beta of 1.32, indicating that its share price is 32% more volatile than the broader market. Comparatively, Shopify has a beta of 2.65, indicating that its share price is 165% more volatile than the broader market.

Snowflake presently has a consensus target price of $413.87, indicating a potential upside of 39.84%. Shopify has a consensus target price of $178.82, indicating a potential upside of 21.97%. Given Snowflake's stronger consensus rating and higher possible upside, research analysts plainly believe Snowflake is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Snowflake
1 Sell rating(s)
5 Hold rating(s)
36 Buy rating(s)
0 Strong Buy rating(s)
2.83
Shopify
0 Sell rating(s)
10 Hold rating(s)
38 Buy rating(s)
1 Strong Buy rating(s)
2.82

Shopify has a net margin of 15.01% compared to Snowflake's net margin of -20.07%. Shopify's return on equity of 14.03% beat Snowflake's return on equity.

Company Net Margins Return on Equity Return on Assets
Snowflake-20.07% -46.32% -10.90%
Shopify 15.01%14.03%12.34%

65.1% of Snowflake shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 4.8% of Snowflake 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, Shopify had 21 more articles in the media than Snowflake. MarketBeat recorded 60 mentions for Shopify and 39 mentions for Snowflake. Snowflake's average media sentiment score of 0.72 beat Shopify's score of 0.50 indicating that Snowflake is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Snowflake
24 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Shopify
23 Very Positive mention(s)
9 Positive mention(s)
13 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Shopify beats Snowflake 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 technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, profitability, dividends, risk, valuation, analyst recommendations, media sentiment and institutional ownership.

In the previous week, Cloudflare had 36 more articles in the media than Shopify. MarketBeat recorded 96 mentions for Cloudflare and 60 mentions for Shopify. Cloudflare's average media sentiment score of 0.68 beat Shopify's score of 0.50 indicating that Cloudflare is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cloudflare
41 Very Positive mention(s)
17 Positive mention(s)
19 Neutral mention(s)
8 Negative mention(s)
1 Very Negative mention(s)
Positive
Shopify
23 Very Positive mention(s)
9 Positive mention(s)
13 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Neutral

Cloudflare has a beta of 1.37, indicating that its stock price is 37% more volatile than the broader market. Comparatively, Shopify has a beta of 2.65, indicating that its stock price is 165% 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. 10.7% of Cloudflare 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 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cloudflare$2.17B49.90-$102.27M-$0.68N/A
Shopify$11.56B16.32$1.23B$1.6489.40

Cloudflare presently has a consensus target price of $338.48, indicating a potential upside of 10.59%. Shopify has a consensus target price of $178.82, indicating a potential upside of 21.97%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly 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)
26 Buy rating(s)
0 Strong Buy rating(s)
2.64
Shopify
0 Sell rating(s)
10 Hold rating(s)
38 Buy rating(s)
1 Strong Buy rating(s)
2.82

Shopify has a net margin of 15.01% compared to Cloudflare's net margin of -8.75%. Shopify's return on equity of 14.03% beat Cloudflare's return on equity.

Company Net Margins Return on Equity Return on Assets
Cloudflare-8.75% -6.05% -1.39%
Shopify 15.01%14.03%12.34%

Summary

Shopify beats Cloudflare on 11 of the 16 factors compared between the two stocks.

How does Shopify compare to Nebius Group?

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

Shopify has a net margin of 15.01% compared to Nebius Group's net margin of 4.55%. Shopify's return on equity of 14.03% beat Nebius Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify15.01% 14.03% 12.34%
Nebius Group 4.55%-6.03%-2.24%

Shopify has a beta of 2.65, indicating that its share price is 165% more volatile than the broader market. Comparatively, Nebius Group has a beta of 4.63, indicating that its share price is 363% more volatile than the broader market.

Shopify has higher revenue and earnings than Nebius Group. Nebius Group 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$11.56B16.32$1.23B$1.6489.40
Nebius Group$529.80M64.00$82.50M-$0.03N/A

69.3% of Shopify shares are held by institutional investors. Comparatively, 21.9% of Nebius Group shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Shopify presently has a consensus target price of $178.82, suggesting a potential upside of 21.97%. Nebius Group has a consensus target price of $239.56, suggesting a potential upside of 78.78%. Given Nebius Group's stronger consensus rating and higher probable upside, analysts plainly believe Nebius Group 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)
38 Buy rating(s)
1 Strong Buy rating(s)
2.82
Nebius Group
2 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
4 Strong Buy rating(s)
2.82

In the previous week, Shopify and Shopify both had 60 articles in the media. Shopify's average media sentiment score of 0.50 beat Nebius Group's score of 0.32 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
23 Very Positive mention(s)
9 Positive mention(s)
13 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Neutral
Nebius Group
17 Very Positive mention(s)
16 Positive mention(s)
11 Neutral mention(s)
9 Negative mention(s)
5 Very Negative mention(s)
Neutral

Summary

Shopify beats Nebius Group on 9 of the 14 factors compared between the two stocks.

How does Shopify compare to Twilio?

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

Shopify has a beta of 2.65, indicating that its share price is 165% more volatile than the broader market. Comparatively, Twilio has a beta of 1.49, indicating that its share price is 49% more volatile than the broader market.

69.3% of Shopify shares are owned by institutional investors. Comparatively, 84.3% of Twilio shares are owned by institutional investors. 0.2% of Twilio shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

In the previous week, Shopify had 35 more articles in the media than Twilio. MarketBeat recorded 60 mentions for Shopify and 25 mentions for Twilio. Twilio's average media sentiment score of 0.72 beat Shopify's score of 0.50 indicating that Twilio is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
23 Very Positive mention(s)
9 Positive mention(s)
13 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Neutral
Twilio
13 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Shopify presently has a consensus price target of $178.82, suggesting a potential upside of 21.97%. Twilio has a consensus price target of $269.48, suggesting a potential upside of 25.74%. Given Twilio's stronger consensus rating and higher possible upside, analysts clearly believe Twilio 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)
38 Buy rating(s)
1 Strong Buy rating(s)
2.82
Twilio
1 Sell rating(s)
3 Hold rating(s)
21 Buy rating(s)
3 Strong Buy rating(s)
2.93

Twilio has a net margin of 21.82% compared to Shopify's net margin of 15.01%. Shopify's return on equity of 14.03% beat Twilio's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify15.01% 14.03% 12.34%
Twilio 21.82%5.58%4.56%

Shopify has higher revenue and earnings than Twilio. Twilio 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$11.56B16.32$1.23B$1.6489.40
Twilio$5.07B6.54$33.83M$7.9526.96

Summary

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

How does Shopify compare to VeriSign?

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

69.3% of Shopify shares are held by institutional investors. Comparatively, 92.9% of VeriSign shares are held by institutional investors. 0.6% of VeriSign 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.

Shopify has higher revenue and earnings than VeriSign. VeriSign 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$11.56B16.32$1.23B$1.6489.40
VeriSign$1.66B16.85$825.70M$9.3033.45

VeriSign has a net margin of 49.06% compared to Shopify's net margin of 15.01%. Shopify's return on equity of 14.03% beat VeriSign's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify15.01% 14.03% 12.34%
VeriSign 49.06%-38.40%59.95%

Shopify presently has a consensus target price of $178.82, suggesting a potential upside of 21.97%. VeriSign has a consensus target price of $352.00, suggesting a potential upside of 13.14%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly believe Shopify is more favorable than VeriSign.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
10 Hold rating(s)
38 Buy rating(s)
1 Strong Buy rating(s)
2.82
VeriSign
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.67

Shopify has a beta of 2.65, indicating that its share price is 165% more volatile than the broader market. Comparatively, VeriSign has a beta of 0.66, indicating that its share price is 34% less volatile than the broader market.

In the previous week, Shopify had 41 more articles in the media than VeriSign. MarketBeat recorded 60 mentions for Shopify and 19 mentions for VeriSign. VeriSign's average media sentiment score of 0.91 beat Shopify's score of 0.50 indicating that VeriSign is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
23 Very Positive mention(s)
9 Positive mention(s)
13 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Neutral
VeriSign
12 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Shopify beats VeriSign 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

MetricShopifyIT Services IndustryTechnology SectorNASDAQ Exchange
Market Cap$190.78B$10.50B$27.21B$12.09B
Dividend YieldN/A3.66%2.91%4.43%
P/E Ratio90.4232.8441.9229.23
Price / Sales13.504.295.555.73
Price / Cash171.0522.2627.1522.66
Price / Book15.004.445.343.79
Net Income$1.23B$270.44M$790.32M$389.59M
7 Day Performance-2.86%0.05%-1.15%-1.98%
1 Month Performance-12.99%-6.74%-8.28%-6.70%
1 Year Performance-6.47%-5.45%0.51%-6.65%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.3696 of 5 stars
$148.65
+1.4%
$178.82
+20.3%
-7.7%$190.78B$14.17B90.427,600
SNOW
Snowflake
3.736 of 5 stars
$289.86
-5.3%
$413.87
+42.8%
+10.1%$102.26B$4.68BN/A9,060
NET
Cloudflare
3.8865 of 5 stars
$264.86
-5.6%
$332.59
+25.6%
+27.2%$93.62B$2.51BN/A5,156
NBIS
Nebius Group
3.592 of 5 stars
$141.39
-8.3%
$243.25
+72.0%
+21.9%$35.77B$529.80MN/A1,543
TWLO
Twilio
4.7511 of 5 stars
$207.14
+1.0%
$266.48
+28.6%
+63.9%$31.81B$5.83B26.065,587

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This page (NASDAQ:SHOP) was last updated on 11/11/2026 by MarketBeat.com Staff.
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