FiscalNote price target lowered to $2 from $3 at Roth MKM

Roth MKM analyst Richard Baldry lowered the firm’s price target on FiscalNote (NOTE) 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.