Block (XYZ) Expands Square Partnership Network

Block (XYZ) Expands Square Partnership Network Venkatesh Thu, May 28, 2026 at 3:14 PM GMT+2 2 min read XYZ Block, Inc. (NYSE: XYZ ) is one of the 10 Best Stocks in Steve Cohen’s Portfolio . Block (XYZ) Expands Square Partnership Network On May 26, 2026, Square, the commerce platform owned by Block, Inc.

(NYSE:XYZ), was selected by clean beauty franchise Magnolia Soap & Bath Co. to power its operations across more than 50 locations in 17 states. Magnolia will utilize “Square for Retail” and “Square for Franchises” to centralize real-time KPI tracking, inventory management, and omni-channel sales, including local delivery and event bookings.

The platform’s unified architecture standardizes franchise infrastructure, thereby assisting in maintaining brand consistency and supporting the company’s rapid national expansion and independent local operations. Earlier this month, Canaccord raised the firm’s price target on Block, Inc. (NYSE:XYZ) to $85 from $80 on May 19, 2026.

The firm’s analyst Joseph Vafi kept a Buy rating on the stock. The firm noted that Block, Inc. (NYSE:XYZ) has delivered solid first-quarter results, with no adverse effects following an announced 40% workforce reduction.

As the company aggressively leans into AI, its performance amid a challenging macro environment and a maturing e-commerce payments landscape indicates that the company’s strategic focus and disciplined execution enable it to achieve operational efficiency. Founded in 2009, Block, Inc. (NYSE:XYZ) is a global technology company focused on financial services.

Based in Oakland, California, the company creates ecosystem tools through Square, Cash App, Spiral, TIDAL, and TBD to expand economic access for businesses and individuals across the globe. While we acknowledge the potential of XYZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

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