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FiscalNote Holdings ( (NOTE) ) has shared an announcement.
On February 18, 2026, FiscalNote hosted a live discussion with its executive team and strategic advisors on the rapid growth and structural shifts in political and policy prediction markets. A follow-up email to certain investors on February 20, 2026 recapped the event, highlighting that prediction markets are an extension of FiscalNote’s existing data and policy capabilities rather than a strategic pivot, and emphasizing integrity, clear governance, and credible market resolution as key differentiators.
The company outlined a phased roadmap that starts with insight-driven subscription products and fantasy-style experiments, positioning FiscalNote to participate in the market without initially running an exchange. Management pointed to growing institutional interest, the importance of partnerships with experienced infrastructure providers, and the potential to leverage FiscalNote’s advocacy customer base and optional donation mechanics to drive adoption and create differentiated distribution channels over time.
The most recent analyst rating on (NOTE) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on FiscalNote Holdings stock, see the NOTE Stock Forecast page.
Spark’s Take on NOTE Stock
According to Spark, TipRanks’ AI Analyst, NOTE is a Neutral.
The score is held down primarily by weak financial fundamentals (declining revenue, ongoing losses, and negative operating cash flow) and a clearly bearish technical trend with the price below all key moving averages. Partially offsetting this are improving free cash flow metrics and an earnings call showing better-than-guided EBITDA and steady outlook, though ARR decline and federal volatility remain meaningful risks.
To see Spark’s full report on NOTE stock, click here.
More about FiscalNote Holdings
FiscalNote Holdings, Inc. operates in the policy and political intelligence sector, leveraging proprietary data, policy expertise, and workflow tools to serve investors, institutions, and advocacy organizations. Its offerings include platforms such as PolicyNote and data delivered via APIs, with a growing focus on applying its policy datasets to new endpoints like political prediction markets.
Average Trading Volume: 495,931
Technical Sentiment Signal: Sell
Current Market Cap: $18.22M
See more data about NOTE stock on TipRanks’ Stock Analysis page.