shares of target hospitality corp rose more than 18 after the company raised its 2022 financial guidance to reflect an expanded lease and services agreement it reached with its leading national nonprofit partner and the us government in their humanitarian aid missions the modular home and hospitality company said it now expects 2022 revenue to be between 500 million and 510 million up from a range of 325 million to 335 million that was provided in may adjusted earnings before interest taxes depreciation and amortization is expected to come in between 295 million and 305 million the company had previously forecast adjusted ebitda of between 125 million and 135 million for the year for the companys current quarter target hospitality expects revenue between 102 million and 107 million and adjusted ebitda between 50 million and 55 million analysts surveyed by factset had been expecting quarterly revenue of 827 million shares of target hospitality rose more than 18 in morning trading to 715 the stock has roughly doubled so far this year far outpacing the sp 500s 18 decline over the same period write to will feuer at willfeuerwsjcom