B. Riley lowered the firm’s price target on FiscalNote (NOTE) 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.
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Read More on NOTE:
- FiscalNote Holdings Reports Strong 2024 Financial Results
- FiscalNote reports Q4 EPS (10c) vs (39c) last year
- FiscalNote sees Q1 revenue $26M-$27M, consensus $29.76M
- FiscalNote sees FY25 revenue $94M-$100M, consensus $122.34M
- FiscalNote Holdings Inc options imply 19.4% move in share price post-earnings
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