
NOTE Stock Forecast & Price Target
NOTE Analyst Ratings
Bulls say
FiscalNote Holdings Inc. demonstrates a positive outlook due to its projected revenue growth for FY25, with estimates ranging from $94 million to $100 million, supported by the anticipated improvement in annual recurring revenue (ARR) as its PolicyNote platform gains traction. The company's strategic decision to divest its margin-dilutive board.org business has further strengthened profitability and reduced senior debt by over 60% in the last twelve months, which positions it favorably for future financial stability. Additionally, the upcoming roll-out of enhanced functionality for PolicyNote is expected to drive momentum in bookings and growth, particularly in the latter half of 2025, paving the way for a credible path towards positive free cash flow in the intermediate-term.
Bears say
FiscalNote Holdings Inc. is experiencing a decline in Annual Recurring Revenue (ARR), with current figures at $107 million, down from $109 million the previous year, accompanied by a decrease in customer retention rates from 99% to 98%. The company anticipates two further divestitures that are expected to close in the first quarter of 2025, projected to yield $40 million but will significantly lower revenue expectations for 2025, exacerbated by weak bookings, particularly in the fourth quarter of 2024. Additionally, a notable year-over-year revenue decline of 14% highlights challenges in maintaining profitability, compounded by a history of negative GAAP operating earnings and reduced revenue guidance for 2025, significantly missing previous forecasts.
This aggregate rating is based on analysts' research of FiscalNote Holdings Inc and is not a guaranteed prediction by Public.com or investment advice.
NOTE Analyst Forecast & Price Prediction
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