SAN FRANCISCO, CA--(Marketwired - Sep 13, 2016) - Vista Partners announced today that it has updated coverage on Cachet Financial Solutions, Inc. (OTCQB: CAFN) ("The Company" or "Cachet") with a twelve-month price target of $21.50. John Heerdink, Managing Director at Vista Partners, stated, "Cachet enjoys a highly scalable financial technology ('fintech') SaaS business model with expanding product offerings, recurring revenue streams, extensive cross-sell & upsell opportunities within an existing diverse client base of financial organizations." Mr. Heerdink concludes, "Cachet's 2016 revenue guidance reflects an organic revenue growth rate of 84% to 132% year-over-year and after reporting Q2 2016 in August management believes they are on track as they realized 100% YOY revenue growth vs. Q2 2015."
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