This article first appeared on GuruFocus.
Sep 19 – Palantir Technologies (NASDAQ:PLTR) continues to draw Wall Street’s attention, with Salesforce (NYSE:CRM) CEO Marc Benioff weighing in on its soaring valuation.
Speaking at Goldman Sachs’ (NYSE:GS) Communacopia+Technology conference, Benioff said he is inspired by Palantir’s growth but joked the company trades at 100 times revenue, maybe 1000 times soon.
The comment underscores the market disconnect between the two software firms. Palantir, with 48% revenue growth, carries a $406 billion market cap, while Salesforce, despite generating more than $10 billion in quarterly revenue, stands at $231 billion and has seen its shares fall 27% this year.
Benioff also criticized Palantir’s high prices, calling them the most expensive enterprise software he has ever seen.
The contrast reflects a broader debate: whether investors should prioritize hypergrowth and premium pricing, or scale and established income streams. The rivalry is intensifying, as Salesforce recently secured a U.S. Army contract over Palantir.
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