Berenberg Bank Started Coverage on Arrival With Buy Rating and $17 Price Target
<p>Analysts at Berenberg Bank initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/ARVL'>Arrival (NASDAQ:ARVL)</a>, an electric commercial van and bus manufacturer that de-SPACed in March 2021, with a buy rating and a $17 price target.</p>
<p>According to the analysts, the company is differentiated by its innovative new approach to manufacturing electric vehicles through a highly automated and vertically integrated microfactory model. The Arrival micro-factories will require less CAPEX, lower operating costs, and a shorter time to produce than traditional plants while enabling production flexibility and localizing the manufacturing footprint. </p>
<p>While there is an inherent risk associated with a pre-revenue and pre-production company, the company has spent years developing its vehicle architecture and microfactory model and has visibility to several key milestones over the next 12- 18 months with the potential to disrupt the legacy automotive model.</p>

NASDAQ:ARVL