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Shopify (SHOP) Competitors

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$130.28 +3.40 (+2.68%)
As of 07/28/2026 04:00 PM Eastern

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

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 Cloudflare (NET). 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 companies based on the strength of their media sentiment, dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.

In the previous week, Palantir Technologies had 66 more articles in the media than Shopify. MarketBeat recorded 113 mentions for Palantir Technologies and 47 mentions for Shopify. Shopify's average media sentiment score of 0.99 beat Palantir Technologies' score of 0.73 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
31 Very Positive mention(s)
6 Positive mention(s)
2 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive
Palantir Technologies
56 Very Positive mention(s)
18 Positive mention(s)
20 Neutral mention(s)
8 Negative mention(s)
9 Very Negative mention(s)
Positive

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%

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$11.56B14.63$1.23B$1.01128.99
Palantir Technologies$4.48B66.17$1.63B$0.89138.80

Shopify currently has a consensus target price of $157.69, suggesting a potential upside of 21.04%. Palantir Technologies has a consensus target price of $189.88, suggesting a potential upside of 53.72%. Given Palantir Technologies' higher probable upside, analysts clearly 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)
9 Hold rating(s)
33 Buy rating(s)
3 Strong Buy rating(s)
2.87
Palantir Technologies
3 Sell rating(s)
11 Hold rating(s)
19 Buy rating(s)
2 Strong Buy rating(s)
2.57

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 insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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

Summary

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

How does Shopify compare to CrowdStrike?

CrowdStrike (NASDAQ:CRWD) 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 profitability, analyst recommendations, media sentiment, risk, earnings, valuation, institutional ownership and dividends.

In the previous week, Shopify had 18 more articles in the media than CrowdStrike. MarketBeat recorded 47 mentions for Shopify and 29 mentions for CrowdStrike. Shopify's average media sentiment score of 0.99 beat CrowdStrike's score of 0.30 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
CrowdStrike
8 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Neutral
Shopify
31 Very Positive mention(s)
6 Positive mention(s)
2 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive

CrowdStrike currently has a consensus price target of $185.78, indicating a potential upside of 2.19%. Shopify has a consensus price target of $157.69, indicating a potential upside of 21.04%. Given Shopify's stronger consensus rating and higher possible upside, analysts plainly believe Shopify is more favorable than CrowdStrike.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CrowdStrike
2 Sell rating(s)
13 Hold rating(s)
36 Buy rating(s)
0 Strong Buy rating(s)
2.67
Shopify
0 Sell rating(s)
9 Hold rating(s)
33 Buy rating(s)
3 Strong Buy rating(s)
2.87

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
CrowdStrike-0.89% 2.29% 0.94%
Shopify 10.77%12.07%10.37%

71.2% of CrowdStrike shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 1.7% of CrowdStrike 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.

CrowdStrike has a beta of 1.24, suggesting that its stock price is 24% 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 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
CrowdStrike$4.81B38.47-$162.50M-$0.05N/A
Shopify$11.56B14.63$1.23B$1.01128.99

Summary

Shopify beats CrowdStrike on 13 of the 17 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 stock? We will contrast the two businesses based on the strength of their valuation, dividends, earnings, risk, profitability, analyst recommendations, institutional ownership and media sentiment.

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

Shopify currently has a consensus price target of $157.69, indicating a potential upside of 21.04%. SAP has a consensus price target of $264.83, indicating a potential upside of 47.72%. Given SAP's higher possible 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)
9 Hold rating(s)
33 Buy rating(s)
3 Strong Buy rating(s)
2.87
SAP
0 Sell rating(s)
9 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.62

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

In the previous week, Shopify and Shopify both had 47 articles in the media. Shopify's average media sentiment score of 0.99 beat SAP'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
31 Very Positive mention(s)
6 Positive mention(s)
2 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive
SAP
19 Very Positive mention(s)
5 Positive mention(s)
13 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive

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$11.56B14.63$1.23B$1.01128.99
SAP$41.63B5.29$8.10B$7.9622.52

SAP has a net margin of 20.88% compared to Shopify's net margin of 10.77%. SAP's return on equity of 17.16% beat Shopify's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.77% 12.07% 10.37%
SAP 20.88%17.16%10.81%

Summary

Shopify and SAP tied by winning 8 of the 16 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 stock? We will compare the two companies based on the strength of their profitability, media sentiment, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.

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$11.56B14.63$1.23B$1.01128.99
AppLovin$5.48B25.63$3.33B$11.6435.93

69.3% of Shopify shares are held by institutional investors. Comparatively, 41.9% of AppLovin shares are held by institutional investors. 12.8% of AppLovin shares are held 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.

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%

Shopify currently has a consensus target price of $157.69, indicating a potential upside of 21.04%. AppLovin has a consensus target price of $668.45, indicating a potential upside of 59.83%. Given AppLovin's stronger consensus rating and higher probable upside, analysts plainly believe AppLovin is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
9 Hold rating(s)
33 Buy rating(s)
3 Strong Buy rating(s)
2.87
AppLovin
0 Sell rating(s)
5 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
2.88

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

In the previous week, Shopify had 12 more articles in the media than AppLovin. MarketBeat recorded 47 mentions for Shopify and 35 mentions for AppLovin. AppLovin's average media sentiment score of 1.18 beat Shopify's score of 0.99 indicating that AppLovin is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
31 Very Positive mention(s)
6 Positive mention(s)
2 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive
AppLovin
25 Very Positive mention(s)
2 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B14.63$1.23B$1.01128.99
Cloudflare$2.17B43.22-$102.27M-$0.25N/A

69.3% of Shopify shares are owned by institutional investors. Comparatively, 82.7% of Cloudflare shares are owned by institutional investors. 10.7% of Cloudflare shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

In the previous week, Shopify had 17 more articles in the media than Cloudflare. MarketBeat recorded 47 mentions for Shopify and 30 mentions for Cloudflare. Cloudflare's average media sentiment score of 1.14 beat Shopify's score of 0.99 indicating that Cloudflare is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
31 Very Positive mention(s)
6 Positive mention(s)
2 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive
Cloudflare
20 Very Positive mention(s)
4 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Shopify has a beta of 2.58, suggesting that its share price is 158% more volatile than the broader market. Comparatively, Cloudflare has a beta of 1.67, suggesting that its share price is 67% more volatile than the broader market.

Shopify has a net margin of 10.77% compared to Cloudflare's net margin of -3.72%. Shopify's return on equity of 12.07% beat Cloudflare's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.77% 12.07% 10.37%
Cloudflare -3.72%-5.65%-1.34%

Shopify presently has a consensus target price of $157.69, suggesting a potential upside of 21.04%. Cloudflare has a consensus target price of $261.19, suggesting a potential downside of 1.46%. Given Shopify's stronger consensus rating and higher probable upside, equities analysts plainly believe Shopify is more favorable than Cloudflare.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
9 Hold rating(s)
33 Buy rating(s)
3 Strong Buy rating(s)
2.87
Cloudflare
4 Sell rating(s)
6 Hold rating(s)
22 Buy rating(s)
2 Strong Buy rating(s)
2.65

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.
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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$164.65B$9.25B$37.14B$12.19B
Dividend YieldN/A0.89%3.18%8.55%
P/E Ratio128.9926.4375.8123.75
Price / Sales14.634.57596.19109.45
Price / Cash142.7338.1743.6959.05
Price / Book12.6111.298.966.06
Net Income$1.23B$84.01M$1.08B$336.44M
7 Day Performance10.02%1.40%-0.98%-1.50%
1 Month Performance14.07%-3.85%-3.89%-4.62%
1 Year Performance4.35%529.21%132.57%15.02%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.3204 of 5 stars
$130.28
+2.7%
$157.69
+21.0%
+2.7%$164.65B$11.56B128.997,600
PLTR
Palantir Technologies
4.6387 of 5 stars
$134.85
+1.9%
$190.85
+41.5%
-21.8%$323.28B$4.48B151.524,429
CRWD
CrowdStrike
2.6806 of 5 stars
$198.49
-2.3%
$180.63
-9.0%
+54.0%$202.11B$4.81BN/A10,698
SAP
SAP
4.949 of 5 stars
$158.63
-0.3%
$271.17
+70.9%
-36.5%$194.88B$41.63B21.44110,650
APP
AppLovin
4.9353 of 5 stars
$424.60
+0.0%
$668.45
+57.4%
+12.7%$142.64B$5.48B36.481,710

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This page (NASDAQ:SHOP) was last updated on 7/29/2026 by MarketBeat.com Staff.
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