Pure Storage, Inc. (NYSE:PSTG) shares surged more than 16% Thursday afternoon following the company’s reported Q4 results, with both EPS of $0.36 and revenue of $708.6 million coming in better than the consensus estimates of $0.26 and $629.26 million, respectively.

Analysts at Deutsche Bank provided their views on the company, mentioning that they are increasingly bullish on the company's growth opportunities following strong quarterly beat and the company’s excellent management of its supply chain.

According to the analysts, management's commentary suggests that the strong demand environment will continue through 2023, noting they expect potential upside to the company's 2023 revenue growth guidance of 19-20% if supply chain dynamics remain stable/improve or if the company is able to secure another hyperscale deal.

The company expects Q1/23 revenue of $520 million, compared to the consensus estimate of $512 million. For the full 2023-year, the company expects revenue of $2.6 billion, compared to the consensus estimate of $2.48 billion.