Northland Capital Markets Starts Cachet Financial Solutions (CAFN) at Outperform

Northland Capital Markets initiates coverage on Cachet Financial Solutions (: CAFN) with a Outperform rating and a price target of $2.25.

Analyst Scott Berg commented, "We believe Cachet Financial is well positioned as an early stage mover in the fast growing mobile money software applications market with a highly compelling product suite based around using mobile devices to help users better manage their personal finances. Mobile money marks a fundamental shift for consumers as they can more readily access funds without ever entering a traditional bank branch location. We believe demand for these products will accelerate over the next two years driven by higher awareness to the flexibility that mobile money solutions provide."

For an analyst ratings summary and ratings history on Cachet Financial Solutions click here. For more ratings news on Cachet Financial Solutions click here.

Shares of Cachet Financial Solutions closed at $1.20 yesterday.

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