FiscalNote price target lowered to $1.50 from $1.75 at B. Riley

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.