BUZZ-NetApp climbs after Q1 beat on AI demand, lifts annual forecast

** Shares of data storage company NetApp NTAP.O rose 2.5% to $185.30

** NTAP raised FY27 adjusted EPS outlook in the range of $9.73 - $10.03, from prior forecast of $8.7 - $9

** Also raised FY27 revenue forecast between $7.975 bln - $8.225 bln, up from prior forecast of $7.33 bln - $7.58 bln

** Co posts Q1 adjusted EPS of $2.58, beating analyst est. of $2.12; revenue of $2.03 bln, above est. of $1.84 bln - data compiled by LSEG

** Upbeat results driven by customer adoption for AI and hybrid multi-cloud initiatives- CEO George Kurian

** Eight of 22 brokerages rate the stock "buy" or higher and 14 "hold"; median PT is $191- LSEG data

** Including session's move, stock up 72.9% YTD