
NOTE Stock Forecast & Price Target
NOTE Analyst Ratings
Bulls say
FiscalNote Holdings Inc. demonstrates a positive trajectory, evidenced by a projected revenue range of $94-100 million for FY25, which reflects strong profitability and improved management decisions, particularly following the divestiture of the margin-dilutive board.org business. The company has successfully reduced senior debt by over 60% over the last twelve months, with further improvements anticipated from the upcoming divestiture of Oxford Analytica and Dragonfly, significantly lowering their obligations. With adjusted EBITDA reporting modest positivity since Q3 2023 and expectations for enhanced bookings and growth momentum in the latter half of 2025, FiscalNote is poised for a credible path to achieving free cash flow positivity in the medium term.
Bears say
FiscalNote Holdings Inc. reported an Annual Recurring Revenue (ARR) of $107 million, which represents a slight decline from the previous year’s $109 million, alongside a decrease in customer retention from 99% to 98% year-over-year. The company's revenue outlook appears bleak, with a notable -14% year-over-year revenue decline attributed to prior asset sales, and further challenges anticipated due to upcoming divestitures expected to close in Q1 2025, which may generate $40 million but will lead to much lower revenue expectations for 2025 compared to prior forecasts. Additionally, FiscalNote has a history of negative GAAP operating earnings, which raises concerns regarding its ability to maintain and grow sustainable AEBITDA profitability amid weak bookings and deteriorating macroeconomic conditions.
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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