Target Corporation (NYSE:TGT) shares rose almost 10% on Tuesday following the company’s reported solid Q4 results, with EPS of $3.19 coming in well above the Street estimates of $2.88. Revenue was $30.62 billion, compared to the consensus estimate of $31.16 billion. Comparable sales increased 8.9%, missing the expectation of 10.4%.

The company messaged conviction on go-forward trends via favorable 2022 guidance and an updated long-term algorithm. For 2022, the company expects low-to mid-single-digit revenue growth and high-single-digit growth in adjusted EPS.

Analysts at RBC Capital increased their 2022/2023 EPS estimates to $14.50/$15.48 from $13.38/$14.62 and their price target on the company’s shares to $294 from $278, while maintaining their outperform rating.