Vista Partners Updates Coverage on Fintech Firm Cachet Financial Solutions, Inc. (Ticker: CAFN); $2.50 Price Target
Vista Partners announced today that it has updated coverage on Cachet Financial Solutions, Inc. (Ticker: CAFN) (“The Company,” or “CAFN”) with a twelve-month price target of $2.50. Vista Partners, stated, “Minneapolis, MN based fintech firm CAFN enjoys a highly scalable financial technology SaaS business model with expanding product offerings, recurring revenue streams, extensive cross-sell & upsell opportunities within its existing diverse client base of financial organizations. In addition, the Company recently reiterated in its Q1 2016 earnings conference call held last week that it expects 2016 annual revenue to increase in the range of 84% to 132% versus 2015”.
To download a FREE copy of the Cachet Financial Solutions, Inc. (Ticker: CAFN) research report, please visit http://www.vistapglobal.com and click the “download research” icon to gain access to the report. The SPDR S&P Software & Services ETF (NYSE: XSW) is down approximately 4.10% in 2016.
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