NOTE Stock Forecast & Price Target

FiscalNote Holdings Inc. demonstrates a positive outlook characterized by significant operational improvements, as evidenced by a 400 basis point quarter-over-quarter increase in new logo win rates and a 45% growth in the sales pipeline. The company's annual contract values (ACVs) are rising, while multi-year deal signings have more than doubled compared to the previous year, alongside a notable 20% year-over-year rise in inbound demand. Furthermore, the reiteration of fiscal year guidance, after addressing challenges from FY24, along with strong revenue and EBITDA performance, supports a favorable financial narrative and enhances confidence in the stability of core revenue trends amidst ongoing integration of the PolicyNote AI platform.

FiscalNote Holdings Inc. has experienced a decline in customer retention, dropping by 200 basis points to 96% compared to the previous quarter’s 98%, although it remains unchanged sequentially. The company forecasts flat performance in the third quarter of 2025, with projected revenues at $22-23 million and EBITDA at $2 million, indicating no significant growth. Despite expectations of improved retention due to multi-year contracts signed recently, these benefits are not anticipated to materialize until 2026, highlighting potential challenges in the near-term financial outlook.