Investing.com - Netflix (NASDAQ:NFLX) surged ahead of the morning bell on Monday as it prepares to release its earnings later in the day.
The video streaming site was up 1.19% as of 8:20 AM ET (1:20 PM GMT), hitting over $200 a share in pre-market trading. The company is expected to post earnings after markets close of 32 cents per share on revenue of $2.97 billion.
On Friday Goldman Sachs (NYSE:GS) affirmed its buy rating and raised its target price to $235. Shares in Netflix jumped 2.5% to $200.82 on Friday before closing at $199.49 a share.
The streaming giant has continued to increase the number of subscribers, despite increasing prices. In April, it reached 100 million subscribers. On Oct. 5 the site announced it was raising prices for its subscription plans. The firm has been increasing its prices an average of 10% each year since 2014.