Fintel cuts target for FiscalNote stock from USD 2.55 to USD 2.17

Fintel reported on October 2, 2026, that the average one-year target for FiscalNote Holdings fell from USD 2.55 to USD 2.17, putting the latest analyst benchmark at its lowest level in the cited series. The revision gives FiscalNote stock a concrete valuation reference while the company works through weaker public-sector demand.

Three dated figures shape the story

On August 10, 2026, FiscalNote reported USD 19.58 million of revenue for the second quarter of 2026, according to Fintel. The same period produced actual diluted earnings per share of negative USD 1.06 versus a consensus estimate of negative USD 0.36, making the earnings comparison a central part of the valuation reset.

On October 2, 2026, Fintel said the average target had been reduced by 15.00 percent from USD 2.55 to USD 2.17. Its cited target range ran from USD 1.26 to USD 3.15, showing a wide gap between analyst assumptions even after the average was lowered.

What does the guidance reset change?

Simply Wall St reported that FiscalNote revised its fiscal 2026 revenue outlook to USD 75 million to USD 78 million from USD 80 million to USD 83 million. The same update cited a third-quarter 2026 revenue outlook of USD 19 million to USD 20 million.

The guidance range frames the target cut as a response to operating expectations rather than a single market session. Simply Wall St attributed the revision to softer federal and broader public-sector demand, cautious private-sector spending and lower non-subscription revenue, partly offset by cost discipline and operating efficiencies.

November brings the next test

MarketBeat estimates that FiscalNote will report third-quarter 2026 results on November 5, 2026, after the market closes, with a conference call scheduled for 5:00 p.m. ET. Its consensus calls for revenue of USD 19.10 million and earnings per share of negative USD 0.59.

FiscalNote's second-quarter revenue of USD 19.58 million provides the latest reported baseline, while the USD 19.10 million estimate implies a lower quarterly figure for the next report. The combination of reduced revenue guidance, a negative second-quarter earnings comparison and a lower USD 2.17 average target keeps execution against the revised range as the key company-specific measure.

Market context: Market report S&P 500.

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