B. Riley starts ‘category creator’ FiscalNote with Buy, $5 target

B. Riley analyst Zach Cummins last night initiated coverage of FiscalNote with a Buy rating and $5 price target. The company’s s software-as-a-service-based solution provides real-time data and insights that enable enterprises, government agencies, and nonprofit organizations to manage policy change, address regulatory developments, and mitigate operational risk, the analyst tells investors in a research note. The firm believes FiscalNote is a “category creator” in the information services sector, and says its artificial intelligence-based approach has positioned it as a leader in the legal and regulatory intelligence market.