Block, Inc. (NYSE:XYZ) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
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.