Analysts at Deutsche Bank provided their views on Marvell Technology, Inc. (NASDAQ:MRVL) following CES 2022. While the larger than usual and impressive revenue beat in the recent two quarters was in part the result of improving supply conditions, the company mentioned that this improvement was due to long-term strategic changes in supply chain management that has been ongoing for the majority of 2021, rather than a sudden occurrence.

The company’s management mentioned that its strong, sustainable, and long-term growth profile enables the company to position itself as an attractive customer to the supplier base, giving it the confidence to sign long-term supply agreements that provide the company with the ability to deliver significant revenue growth. Management reiterated its 30% growth target for 2023.