S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
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JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024

Shopify (SHOP) Competitors

$69.99
-1.58 (-2.21%)
(As of 04/12/2024 ET)

SHOP vs. SNPS, CDNS, CRWD, NTES, ADSK, TEAM, SNOW, DDOG, HUBS, and NET

Should you be buying Shopify stock or one of its competitors? The main competitors of Shopify include Synopsys (SNPS), Cadence Design Systems (CDNS), CrowdStrike (CRWD), NetEase (NTES), Autodesk (ADSK), Atlassian (TEAM), Snowflake (SNOW), Datadog (DDOG), HubSpot (HUBS), and Cloudflare (NET). These companies are all part of the "prepackaged software" industry.

Shopify vs.

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

Synopsys has lower revenue, but higher earnings than Shopify. Synopsys 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$7.06B12.75$132M$0.09777.75
Synopsys$5.84B14.54$1.23B$9.0861.36

Shopify currently has a consensus target price of $77.38, suggesting a potential upside of 10.56%. Synopsys has a consensus target price of $601.00, suggesting a potential upside of 7.87%. Given Shopify's higher possible upside, equities analysts plainly believe Shopify is more favorable than Synopsys.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
3 Sell rating(s)
18 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.31
Synopsys
0 Sell rating(s)
0 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
3.00

In the previous week, Shopify had 6 more articles in the media than Synopsys. MarketBeat recorded 24 mentions for Shopify and 18 mentions for Synopsys. Shopify's average media sentiment score of 0.71 beat Synopsys' score of 0.68 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
13 Very Positive mention(s)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Synopsys
11 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Shopify received 539 more outperform votes than Synopsys when rated by MarketBeat users. However, 72.09% of users gave Synopsys an outperform vote while only 67.00% of users gave Shopify an outperform vote.

CompanyUnderperformOutperform
ShopifyOutperform Votes
1350
67.00%
Underperform Votes
665
33.00%
SynopsysOutperform Votes
811
72.09%
Underperform Votes
314
27.91%

Shopify has a beta of 2.22, meaning that its stock price is 122% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.06, meaning that its stock price is 6% more volatile than the S&P 500.

Synopsys has a net margin of 22.96% compared to Shopify's net margin of 1.87%. Synopsys' return on equity of 22.88% beat Shopify's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify1.87% 4.48% 3.52%
Synopsys 22.96%22.88%13.88%

69.3% of Shopify shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 0.7% of Synopsys shares are held by insiders. 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.

Summary

Synopsys beats Shopify on 10 of the 18 factors compared between the two stocks.

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.
Skip Chart

Media Sentiment Over Time

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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SHOP vs. The Competition

MetricShopifyPrepackaged software IndustryComputer SectorNYSE Exchange
Market Cap$90.05B$23.67B$18.81B$17.50B
Dividend YieldN/A2.09%2.75%3.53%
P/E Ratio777.75157.58250.7925.10
Price / Sales12.758.36539.549.40
Price / Cash233.6667.1429.4017.55
Price / Book9.939.966.635.09
Net Income$132M$382.56M$578.21M$972.03M
7 Day Performance-7.03%-1.55%-1.12%-2.61%
1 Month Performance-11.07%-3.49%-1.86%-1.56%
1 Year Performance53.05%14.58%15.37%113.30%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SNPS
Synopsys
3.8776 of 5 stars
$568.99
-1.3%
$601.00
+5.6%
+48.0%$86.77B$6.13B62.6620,300
CDNS
Cadence Design Systems
4.3286 of 5 stars
$311.41
+0.1%
$313.60
+0.7%
+44.1%$84.69B$4.09B81.5211,200
CRWD
CrowdStrike
4.668 of 5 stars
$310.77
-0.9%
$373.29
+20.1%
+128.9%$75.17B$3.06B863.277,925
NTES
NetEase
4.9216 of 5 stars
$100.62
+3.8%
$126.00
+25.2%
+4.7%$64.87B$103.47B15.9031,119Analyst Report
News Coverage
Gap Down
ADSK
Autodesk
4.6622 of 5 stars
$247.93
+0.8%
$272.44
+9.9%
+22.7%$53.03B$5.50B58.8913,700Analyst Report
Short Interest ↑
TEAM
Atlassian
3.5859 of 5 stars
$202.92
+2.2%
$225.19
+11.0%
+30.3%$52.64B$3.53B-136.196,433Analyst Upgrade
Insider Selling
Short Interest ↑
News Coverage
SNOW
Snowflake
4.456 of 5 stars
$155.60
+0.5%
$202.50
+30.1%
+13.6%$52.00B$2.81B-61.027,004Analyst Report
DDOG
Datadog
3.5329 of 5 stars
$125.44
-0.3%
$130.33
+3.9%
+90.8%$41.63B$2.13B1,045.335,200Insider Selling
Short Interest ↑
News Coverage
HUBS
HubSpot
3.2917 of 5 stars
$659.13
-1.6%
$642.36
-2.5%
+60.4%$33.40B$2.17B-185.677,663
NET
Cloudflare
3.2987 of 5 stars
$97.00
+1.8%
$87.50
-9.8%
+48.7%$32.75B$1.30B-176.363,682Insider Selling

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This page (NYSE:SHOP) was last updated on 4/13/2024 by MarketBeat.com Staff

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