Amazon (AMZN) Buys George Washington University's Virginia Campus for $427 Million

Amazon.com Inc. (NASDAQ:AMZN) is one of the best WallStreetBets stocks to buy according to analysts.

On March 2, Amazon.com Inc.’s (NASDAQ:AMZN) business unit Amazon Data Services bought the George Washington University’s Virginia campus for Science and Technology for a sum of $427 million, as per an announcement made by the university. This acquisition is another step towards Amazon’s plan of investing $35 billion in Virginia by 2040.

On February 18, Bernstein analyst Mark Shmulik reiterated a Buy rating on Amazon.com Inc. (NASDAQ:AMZN) with a price target of $265. The firm’s price target reflects an additional 27% upside from the current levels. This upside is consistent with the median Wall Street analyst estimate based on 72 analysts’ estimates.

Amazon.com Inc. (NASDAQ:AMZN) has officially become the world’s largest company by revenue, surpassing Walmart following its Q4 earnings report. This marks an important milestone for the company as Walmart has held the top position on the Fortune 500 list for 13 consecutive years.

Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.