Block (XYZ) Expands Square Partnership Network

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 risk and potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XYZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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