Shares of Rocket Companies (RKT Quick QuoteRKT - Free Report) were up as much as 20% in Friday trading after the tech-driven mortgage lender reported blowout results for Q4. RKT closed up 9.8%.

Earnings and revenue easily beat the Street consensus estimate, and profit, margins, origination volumes, and efficiencies all exceeded expectations. Most notably, total revenue skyrocketed 200% and net income jumped an eye-popping 948% year-over-year. Rocket’s Q4 results suggests that high mortgage demand will continue in Q1.

It also announced it would pay a special dividend of $1.11 per share, and a new partnership with Morgan Stanley (MS Quick QuoteMS - Free Report) and eTrade that will offer its client base conforming loan options.

Analysts at Jeffries reiterated a Buy rating and raised the price target to $30 from $27.50, while analysts at Barclays, Morgan Stanley, all RBC all maintained a bullish outlook on RKT.

In addition to mortgages, Rocket also operates real estate and e-commerce businesses Amrock, Rocket Homes, and Rocket Auto.

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