The Roundtable 100 ranking list surprised investors this week when the analysts ranked Shopify Inc. (Nasdaq: SHOP) 31 places above Apple Inc. (Nasdaq: AAPL). While Shopify is popular among st
The Roundtable 100 ranking list surprised investors this week when the analysts ranked Shopify Inc. (Nasdaq: SHOP) 31 places above Apple Inc. (Nasdaq: AAPL).
While Shopify is popular among startups looking to onboard their first customers, Apple is best-known for its much-coveted line of electronic gadgets.
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Founded in 2006, Shopify is a popular e-commerce platform that lets businesses start, run, and grow online stores. Whether it's Tesla or Red Bull, Shopify has turned out to be useful for many companies.
The $216 billion company is especially popular among startups that are trying to reach out to their first customers.
Apple, on the other hand, is the world's second-most valued company after NVIDIA (Nasdaq: NVDA).
Founded in 1976 as Apple Computer Company by Steve Jobs, Steve Wozniak, and Ronald Wayne, the Big Tech company is best known for its line of gadgets like iPhones, iPads, Macs, and AirPods.
The 50-year-old company has a market cap of around $5 trillion. Yet, the Roundtable analysts ranked it 31 places below Shopify.
Related: Analyst picks three stocks he says deserve a bump on Roundtable 100
Published with TheStreet, the Roundtable 100 ranks 100 publicly traded technology growth assets. Committee analysts score each asset on team, safety, value, innovation, and market dominance, with the average forming its power ranking.
The analysts gave Shopify a score of 59 out of 100 this week. But Apple could secure a score of only 49.
Find out Shopify's score on the Roundtable 100
While the e-commerce company rose one place higher to No. 55, the Big Tech giant slipped three places to No. 86.
The rankings don't make sense at first, but once one looks at how the Roundtable 100 analysts score a company, everything falls into place.
The analysts don't rank a company on the basis of how much it has peaked. Instead, its potential to grow in the future is what the analysts look at.
This week, they decided that Shopify has more growth potential than Apple. Hence, the rankings.
Check out Apple's score on the Roundtable 100
The Roundtable 100 analysts update the power rankings every Friday and keep looking for new additions.
One such company is Strategy (Nasdaq: MSTR). Led by billionaire Michael Saylor, it began as a business software company but decided to turn into a Bitcoin (BTC) proxy in 2020.
Michael Saylor, chairman and chief executive officer at MicroStrategy, speaks during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022.Getty Images
Its business model — selling new shares to raise money to buy more Bitcoin, every week if it can afford to — is pioneering as several companies like Metaplanet and Twenty One Capital have followed the same strategy to build Bitcoin balance sheets.
Despite its ups and downs just like Bitcoin, Strategy is the world's largest corporate Bitcoin holder. Latest, it holds 848,000 Bitcoin on its balance sheet.
Though the company's stock is down over 50% over the last 12 months, it has recovered this year's loss following the recent uptick.
Related: Company behind Walmart's favorite toy shuts down major project
