SHOP vs. PLTR, TTD, SNOW, BIDU, VEEV, PINS, NET, RBLX, SNAP, and PTC
Should you be buying Shopify stock or one of its competitors? The main competitors of Shopify include Palantir Technologies (PLTR), Trade Desk (TTD), Snowflake (SNOW), Baidu (BIDU), Veeva Systems (VEEV), Pinterest (PINS), Cloudflare (NET), Roblox (RBLX), Snap (SNAP), and PTC (PTC). These companies are all part of the "computer software" industry.
Shopify (NYSE:SHOP) and Palantir Technologies (NYSE:PLTR) 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 community ranking, risk, valuation, profitability, media sentiment, analyst recommendations, earnings, institutional ownership and dividends.
In the previous week, Palantir Technologies had 23 more articles in the media than Shopify. MarketBeat recorded 50 mentions for Palantir Technologies and 27 mentions for Shopify. Palantir Technologies' average media sentiment score of 0.56 beat Shopify's score of 0.54 indicating that Palantir Technologies is being referred to more favorably in the news media.
Palantir Technologies has a net margin of 12.79% compared to Shopify's net margin of -2.82%. Palantir Technologies' return on equity of 8.28% beat Shopify's return on equity.
Shopify presently has a consensus target price of $77.62, indicating a potential upside of 29.54%. Palantir Technologies has a consensus target price of $21.32, indicating a potential downside of 21.55%. Given Shopify's stronger consensus rating and higher possible upside, analysts plainly believe Shopify is more favorable than Palantir Technologies.
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.
Shopify has a beta of 2.3, suggesting that its share price is 130% more volatile than the S&P 500. Comparatively, Palantir Technologies has a beta of 2.71, suggesting that its share price is 171% more volatile than the S&P 500.
Shopify received 1295 more outperform votes than Palantir Technologies when rated by MarketBeat users. Likewise, 66.81% of users gave Shopify an outperform vote while only 44.71% of users gave Palantir Technologies an outperform vote.
69.3% of Shopify shares are owned by institutional investors. Comparatively, 45.7% of Palantir Technologies shares are owned by institutional investors. 12.9% of Palantir Technologies shares are owned 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.
Summary
Palantir Technologies beats Shopify on 11 of the 18 factors compared between the two stocks.
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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.
This chart shows the average media sentiment of NYSE 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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