Netflix Q3 2017 earnings are slated for release on Monday after closing bell. Consensus stands at 32 cents per share in earnings on $2.97 billion in revenue. In last year’s third quarter, the streaming video provider reported earnings of 12 cents per share on $2.29 billion in revenue.

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Netflix recently announced that it’s raising monthly subscription prices for most of its plans, and Wall Street has praised the decision, mostly because it should help combat one of the biggest sell-side arguments: soaring content costs. Recently CEO Reed Hastings defended the company’s cash burn, emphasizing that although massive piles of capital are needed up front to produce original content, the payout on that content comes “over many years.”

He also said that they’ve already witnessed payouts on some of its hit content, and that’s why they’re comfortable with their decision to keep investing in original series. By following this business model, Netflix owns the content outright rather than having to pay on a regular basis to license content owned by others. The company also doesn’t lose out on content it once was able to offer like it did when Walt Disney announced that it’s pulling the plug on the previous deal with Netflix.

Ahead of Netflix Q3 2017 earnings, the company received a new Street-high price target from Goldman Sachs. Analyst Heath Terry reaffirmed his Buy rating and raised his price target on Netflix stock from $200 to an ultra-bullish $235 in a note to investors on Friday. The stock reached a new high of $200.82 early Friday before pulling back, so bulls with a $200 price target are faced with a choice: raise their price target on Netflix stock or downgrade it because they feel its valuation is full.

Terry recommends that investors buy the stock leading up to the Netflix Q3 2017 earnings report, despite its 60% year-to-date increase. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter.