SNOW vs. SHOP, PLTR, TTD, BIDU, VEEV, PINS, NET, RBLX, SNAP, and PTC
Should you be buying Snowflake stock or one of its competitors? The main competitors of Snowflake include Shopify (SHOP), Palantir Technologies (PLTR), Trade Desk (TTD), 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.
Snowflake (NYSE:SNOW) and Shopify (NYSE:SHOP) are both large-cap computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, dividends, institutional ownership, community ranking, analyst recommendations, profitability, earnings and media sentiment.
Shopify has a net margin of -2.82% compared to Snowflake's net margin of -30.80%. Shopify's return on equity of 7.36% beat Snowflake's return on equity.
Snowflake has a beta of 0.85, suggesting that its share price is 15% less volatile than the S&P 500. Comparatively, Shopify has a beta of 2.3, suggesting that its share price is 130% more volatile than the S&P 500.
65.1% of Snowflake shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 7.8% of Snowflake shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Shopify received 1176 more outperform votes than Snowflake when rated by MarketBeat users. Likewise, 66.81% of users gave Shopify an outperform vote while only 47.68% of users gave Snowflake an outperform vote.
Snowflake presently has a consensus target price of $197.31, suggesting a potential upside of 52.37%. Shopify has a consensus target price of $77.62, suggesting a potential upside of 28.22%. Given Snowflake's stronger consensus rating and higher possible upside, analysts plainly believe Snowflake is more favorable than Shopify.
Shopify has higher revenue and earnings than Snowflake. Shopify is trading at a lower price-to-earnings ratio than Snowflake, indicating that it is currently the more affordable of the two stocks.
In the previous week, Snowflake had 6 more articles in the media than Shopify. MarketBeat recorded 32 mentions for Snowflake and 26 mentions for Shopify. Snowflake's average media sentiment score of 0.60 beat Shopify's score of 0.59 indicating that Snowflake is being referred to more favorably in the media.
Summary
Shopify beats Snowflake on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SNOW 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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