Anthropic's $200 Billion Revenue Forecast Stirs Wall Street

As AI company Anthropic prepares for one of the largest initial public offerings in history, Wall Street analysts have begun valuing the company using an unconventional method based on revenue projections two years out. According to sources, Anthropic forecasts approximately $190-200 billion in revenue for 2028, a figure well above its current revenue run rate of $47 billion announced in May. Investors are valuing the company, which has an immature profit profile due to high spending, based on expectations of future economies of scale and margin expansion. This valuation approach focuses on long-term growth potential rather than current EBITDA. For comparative valuation, companies such as Cloudflare, Palantir, and SpaceX are used as references. This method is becoming increasingly common for technology companies that promise high growth but are still in their infancy in terms of profitability. While Anthropic's ambitious revenue targets are attracting investor interest, the size and pricing of the company's IPO are being closely watched by the market. Experts note that valuations based on such forward-looking estimates carry risks, but rapid developments in the AI field could support such expectations. Anthropic's IPO process is seen as an important indicator for the future of technology investments. This is not investment advice.