SOURCE: Vista Partners LLC

Vista Partners LLC

May 12, 2016 09:00 ET

Vista Partners Updates Coverage on Cachet Financial Solutions, Inc. (Ticker: CAFN); $2.50 Price Target

SAN FRANCISCO, CA--(Marketwired - May 12, 2016) - Vista Partners announced today that it has updated coverage on Cachet Financial Solutions, Inc. (OTCBB: CAFN) ("The Company," or "CAFN") with a twelve-month price target of $2.50. John Heerdink, Analyst at 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. (OTCBB: 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.

About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes. 

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