https://wccftech.com/arrival-arvl-is-creating-a-compelling-value-proposition-by-choosing-to-build-its-electric-vans-and-buses-at-scalable-microfactories/

Arrival (NASDAQ:ARVL), the UK-based electric mobility startup, has been attracting consistent attention from investors and analysts in recent months as the company prepared to go public through a SPAC merger. Now, as a newly minted public company, Arrival has secured its first bullish upgrade.

Cowen analyst Jeffrey Osborne has now initiated coverage of Arrival shares with an ‘Outperform’ rating and a $28.50 stock price target. Relative to the current pre-market price of around $17, this new target corresponds to an upside potential of over 67 percent. Osborne went on to note that Arrival’s strategy of using automation and vertical integration, along with deploying cheap and scalable microfactories to construct its electric vans and buses, creates a “compelling value proposition”.