I find that sometimes the altitude readout takes a few "hits" to settle down. If I get a wild readout like this, I just wait a couple of seconds and it usually give a sensible reading.
I'm running Beta software at the moment too, and I'm not entirely sure what version I have, so all bets are off :-)
Edit: On the other hand, I suppose that it is possible that the aircraft might just achieve that altitude? Maybe not.
performance
Cruising speed at 95% power at 12,000ft 376km/h (203kt)
economical cruising speed 334km/h (180kt)
Initial rate of climb 1700ft/min
Max operating altitude 20,000ft
Range at 60% power with standard fuel 1912km (1061nm), with optional fuel tanks 2677km (1485nm)