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Shopify (SHOP) Competitors

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$119.44 +4.41 (+3.83%)
As of 12:16 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?

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

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$4.48B83.76$1.63B$0.89175.69
Shopify$11.56B13.41$1.23B$1.01118.26

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%

45.7% of Palantir Technologies shares are owned by institutional investors. Comparatively, 69.3% of Shopify shares are owned by institutional investors. 9.5% of Palantir Technologies shares are owned by company 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, Palantir Technologies had 135 more articles in the media than Shopify. MarketBeat recorded 151 mentions for Palantir Technologies and 16 mentions for Shopify. Palantir Technologies' average media sentiment score of 0.93 beat Shopify's score of 0.66 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
91 Very Positive mention(s)
20 Positive mention(s)
24 Neutral mention(s)
6 Negative mention(s)
2 Very Negative mention(s)
Positive
Shopify
7 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive

Palantir Technologies has a beta of 1.52, indicating that its stock price is 52% more volatile than the broader market. Comparatively, Shopify has a beta of 2.64, indicating that its stock price is 164% more volatile than the broader market.

Palantir Technologies presently has a consensus price target of $192.76, suggesting a potential upside of 23.28%. Shopify has a consensus price target of $157.17, suggesting a potential upside of 31.59%. Given Shopify's stronger consensus rating and higher probable 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)
10 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
2.61
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 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 investment? We will compare the two businesses based on the strength of their media sentiment, profitability, risk, dividends, institutional ownership, earnings, valuation and analyst recommendations.

In the previous week, Shopify had 14 more articles in the media than SAP. MarketBeat recorded 16 mentions for Shopify and 2 mentions for SAP. Shopify's average media sentiment score of 0.66 beat SAP's score of 0.65 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
7 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive
SAP
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 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$11.56B13.41$1.23B$1.01118.26
SAP$41.63B5.37$8.10B$7.4024.57

Shopify has a beta of 2.64, suggesting that its share price is 164% more volatile than the broader market. Comparatively, SAP has a beta of 1.11, suggesting that its share price is 11% more volatile than the broader market.

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 stock will outperform the market over the long term.

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%

Shopify presently has a consensus price target of $157.17, suggesting a potential upside of 31.59%. SAP has a consensus price target of $288.00, suggesting a potential upside of 58.41%. Given SAP's higher probable 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)
11 Buy rating(s)
2 Strong Buy rating(s)
2.75

Summary

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

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

Shopify presently has a consensus price target of $157.17, suggesting a potential upside of 31.59%. CrowdStrike has a consensus price target of $564.57, suggesting a potential downside of 22.09%. Given Shopify's stronger consensus rating and higher probable upside, 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)
31 Buy rating(s)
2 Strong Buy rating(s)
2.81
CrowdStrike
2 Sell rating(s)
13 Hold rating(s)
36 Buy rating(s)
0 Strong Buy rating(s)
2.67

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$11.56B13.41$1.23B$1.01118.26
CrowdStrike$4.81B38.19-$162.50M-$0.74N/A

Shopify has a beta of 2.64, meaning that its share price is 164% more volatile than the broader market. Comparatively, CrowdStrike has a beta of 1.06, meaning that its share price is 6% more volatile than the broader market.

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
Shopify10.77% 12.07% 10.37%
CrowdStrike -3.81%-0.14%-0.06%

In the previous week, CrowdStrike had 19 more articles in the media than Shopify. MarketBeat recorded 35 mentions for CrowdStrike and 16 mentions for Shopify. Shopify's average media sentiment score of 0.66 beat CrowdStrike's score of 0.26 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
7 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive
CrowdStrike
12 Very Positive mention(s)
6 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral

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

Shopify has a beta of 2.64, indicating that its stock price is 164% more volatile than the broader market. Comparatively, AppLovin has a beta of 2.37, indicating that its stock price is 137% more volatile than the broader market.

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

In the previous week, AppLovin had 29 more articles in the media than Shopify. MarketBeat recorded 45 mentions for AppLovin and 16 mentions for Shopify. AppLovin's average media sentiment score of 1.08 beat Shopify's score of 0.66 indicating that AppLovin is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
7 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive
AppLovin
32 Very Positive mention(s)
2 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Shopify currently has a consensus target price of $157.17, suggesting a potential upside of 31.59%. AppLovin has a consensus target price of $664.35, suggesting a potential upside of 9.34%. Given Shopify's higher probable upside, research analysts plainly 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)
1 Strong Buy rating(s)
2.83

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%

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$11.56B13.41$1.23B$1.01118.26
AppLovin$5.48B37.24$3.33B$11.6452.20

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 superior stock? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, valuation, institutional ownership, analyst recommendations, earnings and risk.

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 currently has a consensus price target of $219.69, indicating a potential downside of 8.45%. Shopify has a consensus price target of $157.17, indicating a potential upside of 31.59%. Given Shopify's higher possible 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)
1 Hold rating(s)
40 Buy rating(s)
1 Strong Buy rating(s)
2.91
Shopify
0 Sell rating(s)
10 Hold rating(s)
31 Buy rating(s)
2 Strong Buy rating(s)
2.81

Datadog has a beta of 1.3, meaning that its stock price is 30% more volatile than the broader market. Comparatively, Shopify has a beta of 2.64, meaning that its stock price is 164% 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$3.43B24.92$107.74M$0.38631.49
Shopify$11.56B13.41$1.23B$1.01118.26

In the previous week, Datadog had 29 more articles in the media than Shopify. MarketBeat recorded 45 mentions for Datadog and 16 mentions for Shopify. Datadog's average media sentiment score of 1.03 beat Shopify's score of 0.66 indicating that Datadog is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Datadog
27 Very Positive mention(s)
7 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
7 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive

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 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.

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$154.99B$8.79B$40.24B$12.59B
Dividend YieldN/A0.89%3.18%5.26%
P/E Ratio118.2626.2079.9126.29
Price / Sales13.415.54624.50114.37
Price / Cash119.9235.6448.6856.90
Price / Book12.4011.4110.697.32
Net Income$1.23B$78.90M$1.06B$337.06M
7 Day Performance15.96%0.43%3.63%3.67%
1 Month Performance-1.50%-3.19%12.54%7.41%
1 Year Performance10.90%544.18%169.79%37.85%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.286 of 5 stars
$119.44
+3.8%
$157.17
+31.6%
+7.4%$154.99B$11.56B118.267,600
PLTR
Palantir Technologies
4.4341 of 5 stars
$136.88
flat
$192.76
+40.8%
+15.8%$328.14B$4.48B153.804,429
SAP
SAP
4.751 of 5 stars
$176.04
+0.1%
$288.00
+63.6%
-41.1%$216.26B$41.63B23.79110,650
CRWD
CrowdStrike
2.7715 of 5 stars
$663.46
flat
$543.80
-18.0%
+43.1%$168.26B$4.81BN/A10,698
APP
AppLovin
4.4497 of 5 stars
$481.68
flat
$664.35
+37.9%
+53.7%$161.82B$5.48B41.381,710

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This page (NASDAQ:SHOP) was last updated on 5/29/2026 by MarketBeat.com Staff.
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