Release of the 2025 Advocacy Benchmark Report: FiscalNote has launched its 2025 Advocacy Benchmark Report, analyzing digital advocacy performance data from over 2,000 organizations across various industries, based on campaign data from 2024 and early 2025.
Insights and Data Utilization: The report utilizes extensive data, including over 545 million emails and 23 million text messages, to provide actionable insights into audience behavior and effective campaign strategies ahead of the 2026 elections.
Empowering Advocacy Professionals: VoterVoice, part of FiscalNote's offerings, enables organizations to mobilize advocates, enhance voter engagement, and track campaign results in real-time, crucial for influencing policy during fast-paced political changes.
Best Practices for Campaign Engagement: The report includes best practices from high-performing organizations, offering proven strategies for advocacy professionals to improve engagement and prepare for upcoming competitive election cycles.
NOTE
$1.62+Infinity%1D
Analyst Views on NOTE
Wall Street analysts forecast NOTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOTE is 6.00 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast NOTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOTE is 6.00 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.750
Low
5.00
Averages
6.00
High
7.00
Current: 1.750
Low
5.00
Averages
6.00
High
7.00
B. Riley
Zach Cummins
Buy
downgrade
$18 -> $7
2025-11-07
Reason
B. Riley
Zach Cummins
Price Target
$18 -> $7
2025-11-07
downgrade
Buy
Reason
B. Riley analyst Zach Cummins lowered the firm's price target on FiscalNote to $7 from $18 and keeps a Buy rating on the shares. The firm cites a reset valuation multiple for target cut but views the company's Q3 report as solid.
D. Boral Capital
Jesse Sobelson
Strong Buy
Maintains
$3.75
2025-03-17
Reason
D. Boral Capital
Jesse Sobelson
Price Target
$3.75
2025-03-17
Maintains
Strong Buy
Reason
B. Riley Securities
Zach Cummings
Strong Buy
Maintains
$1.75 → $1.5
2025-03-14
Reason
B. Riley Securities
Zach Cummings
Price Target
$1.75 → $1.5
2025-03-14
Maintains
Strong Buy
Reason
B. Riley lowered the firm's price target on FiscalNote to $1.50 from $1.75 and keeps a Buy rating on the shares. FiscalNote's Q4 revenue and adjusted EBITDA exceeded consensus expectations, and initial guidance for fiscal 2025 outlines near-term revenue headwinds, sustained adjusted EBITDA margin expansion, and a path to renewed annual recurring revenue growth in the second half of the year, the analyst tells investors in a research note.
Roth MKM
Richard Baldry
Strong Buy
Maintains
$3 → $2
2025-03-14
Reason
Roth MKM
Richard Baldry
Price Target
$3 → $2
2025-03-14
Maintains
Strong Buy
Reason
Roth MKM analyst Richard Baldry lowered the firm's price target on FiscalNote to $2 from $3 and keeps a Buy rating on the shares. The company's Q4 revenues narrowly beat forecasts which factored weaker sequential results that instead moved largely sideways, but with two more divestitures expected to close in Q1, FiscalNote will see much lower 2025 revenues than expected, the analyst tells investors in a research note. Lowering FiscalNote's net debt is a critical avenue to achieving a sustainable financial model, the firm added.
About NOTE
FiscalNote Holdings, Inc. is a provider of AI-driven policy and regulatory intelligence solutions. The Company delivers critical, actionable legal and policy insights in an evolving political, regulatory and macroeconomic environment. By combining AI and other technologies with analysis and workflow tools, it provides data and information that enables customers who use its products to manage policy change, address regulatory developments, and mitigate policy risk. Its portfolio of public policy intelligence products includes PolicyNote, CQ Federal, and Curate. It offers EU Issue Tracker, which provides public policy intelligence for the European Union, as well as professional services which enable customers to cover over 80 countries globally. It offers its advocacy platform (VoterVoice) and constituent management services platform (Fireside), which connect citizens with their government representatives and vice versa. It offers macroeconomic analysis through FrontierView.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
