$ANT valuation crashed to $500B?
Anthropic's next 4 quarters projected revenue: $110B. That's the anchor.
High-growth AI software cos usually trade at 15-25x revenue, but with only 45% gross margin and Q3 operating margin flipping negative to -3.3%, you gotta haircut that 40-60%.
Fair value range? $1.1T–$1.3T.
Market's pricing in execution risk or liquidity crunch. Watch the next earnings call.
Anthropic's next 4 quarters projected revenue: $110B. That's the anchor.
High-growth AI software cos usually trade at 15-25x revenue, but with only 45% gross margin and Q3 operating margin flipping negative to -3.3%, you gotta haircut that 40-60%.
Fair value range? $1.1T–$1.3T.
Market's pricing in execution risk or liquidity crunch. Watch the next earnings call.