Summary
Bloomberg Tech interviews Mariana Perez Mora, Bank of America Securities aerospace and defense analyst, on Palantir’s latest earnings results and the firm’s reiterated buy rating with a $255 price target. The conversation centers on what’s driving Palantir’s accelerating U.S. commercial business, where trailing 12-month average spending per customer has grown 67%, fueled by both new customer ramp-ups and legacy clients deepening their use of Palantir’s Ontology and AIP platforms.
Perez Mora frames Palantir’s competitive edge as the product of decades of work operationalizing AI-driven decision-making inside complex organizations — something customers have found difficult to replicate internally. The outcome-based pricing model, which ties Palantir’s fees to measurable results rather than seat licenses, is credited with sustaining 55% cash margins even as the company expands aggressively.
The interview also addresses Palantir’s weaker international performance, particularly in Europe, where U.S. commercial growth of 115% contrasts sharply with international growth of 33%. The analyst attributes European hesitation to a “soft sovereignty” dynamic: while Palantir offers a genuine sovereign AI platform, its openly American identity creates political friction in markets seeking domestic technology alternatives, especially in defense and aerospace sectors responding to the war in Ukraine.
📺 Source: Bloomberg Tech · Published August 04, 2026
🏷️ Format: Interview
