FiscalNote Holdings

NOTE · NYSE

$0.013+$0.0002 (+1.56%)TodayMarket closed · Oct 20, 3:59 PM ET

Prev close $0.0128

NOTE analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $2.17 (+16573.1% upside)

Low: $1.26
Now: $0.013
High: $3.15

Upgrades and downgrades

The latest rating actions, newest first

NOTE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Ladenburg Thalmann	Aug 12, 2026	Maintains	Buy	$9.75 → $3.25	37%
Ladenburg Thalmann	Mar 26, 2026	Maintains	Buy	$11.00 → $9.75	37%

The case for and against

Updated Feb 2, 2026

Bull case

FiscalNote Holdings Inc. has demonstrated positive momentum with significant operational improvements, evidenced by a 400 basis point increase in new logo win rates quarter-over-quarter and a 45% growth in the sales pipeline. The company's annual contract values (ACVs) are on the rise, and multi-year deal signings have more than doubled compared to last year, indicating strong demand and a robust market presence. Furthermore, the reiteration of fiscal year guidance alongside strong revenue and EBITDA figures reflects the company's resilience and optimistic outlook despite previous challenges.

Bear case

FiscalNote Holdings Inc. experienced a decline in customer retention rates, dropping 200 basis points to 96%, despite expectations for improvement in future years due to recent multi-year contract signings. The company's forward guidance for the third quarter of 2025 indicates revenue projections of $22-23 million and EBITDA of $2 million, reflecting minimal sequential growth. These factors, combined with the current retention challenges and stagnant revenue outlook, contribute to a negative perspective regarding the company’s financial trajectory.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.