Netflix (NASDAQ:NFLX) is drawing positive attention from Wall Street analysts as it heads into its first-quarter 2025 earnings announcement, set for April 17. Despite a challenging macroeconomic environment shaped by ongoing tariff disputes, the streaming company's stock has climbed roughly 53% over the past year.

Analysts are forecasting first-quarter earnings per share of $5.70, which would mark an 8% increase from the same quarter last year. Revenue is projected to rise 12% year over year to $10.5 billion.

TD Cowen's John Blackledge reaffirmed his Buy rating on Netflix and maintained a $1,150 price target. He cited consistent member growth and results from a recent TD Cowen survey, which highlighted Netflix as the top streaming choice for household viewing. Blackledge said Netflix remains one of the most resilient companies in his coverage list, thanks to global content expansion and strong demand, adding that the firm isn't likely to see direct tariff-related disruptions.

KeyBanc analyst Justin Patterson also stuck with a Buy rating, though he trimmed his price target to $1,000 from $1,100 due to adjusted EPS and valuation expectations. Still, Patterson emphasized Netflix's superior industry standing and long-term earnings potential, calling it one of his preferred subscription-based plays alongside Spotify (NYSE:SPOT).

Morgan Stanley's Benjamin Swinburne echoed the optimism, reiterating his Buy rating and $1,150 target. Swinburne recently replaced Disney (DIS) with Netflix as his top pick in the media sector, calling the recent dip in Netflix shares an attractive entry point.