DA Davidson analyst Rudy Kessinger downgraded FiscalNote to Neutral from Buy with a price target of $5.50, down from $10.50, after the company missed Q3 expectations "badly" and gave Q4 guidance that was significantly below the consensus view. Management also said they are looking for "sustainable mid-teens growth" in FY23 and beyond, which Kessinger notes is down from initial projections of 22% and 25% organic growth in FY23 and FY24, respectively.
Published first on TheFly
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