GoDaddy Inc. (NYSE:GDDY) shares closed more than 8% higher on Friday following the company’s Q4 results, with EPS of $0.52 beating the Street estimate of $0.41. Revenue came in at $1.02 billion, above the Street estimate of $970.53 million.

The company provided its outlook, expecting Q1 and full 2022-year revenue of $985-990 million (vs. Street’s $994.6 million) and $4.14-4.16 billion (vs. Street’s $4.17 billion).

Analysts at Wedbush provided their views on the company following the results, and increased their price target to $100 from $92. The analysts see upside to revenue as commerce and payments begin to accelerate, particularly starting in 2023. According to the analysts, the new Applications & Commerce segment is already showing accelerating revenue growth, with no material benefit from GoDaddy Payments yet. According to the analysts, 2023 is the year where management expects to begin seeing more impactful results from payments.