Block's Square Chosen by The Hat; Analyst Raises Price Target
Block, Inc. announced on May 19, 2026, that The Hat, a quick-service restaurant chain, selected Square as its unified commerce platform. Square for Restaurants will provide centralized menu management, unified reporting, and hardware for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised Block's price target to $85, maintaining a Buy rating, citing strong Q1 results despite macroeconomic challenges.
Cross-source coverage
Wire timeline
Block Announces The Hat Selects Square as Unified Commerce Platform
Block, Inc. (NYSE: XYZ) announced on May 19, 2026, that The Hat, a quick-service restaurant known for pastrami sandwiches, has selected Square as its unified commerce platform. Square for Restaurants will provide The Hat with centralized menu management and unified reporting tools, offering leadership comprehensive operational insights. The Hat will also utilize Square Register, receipt printers, and cash drawers configured for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised his price target on Block's stock to $85 from $80, maintaining a 'Buy' rating, citing strong Q1 results despite difficult macroeconomic conditions and e-commerce payments maturation. Block is focused on building ecosystems for commerce and financial products and services.
Yahoo FinanceBlock Announces The Hat Selects Square as Unified Commerce Platform
Block, Inc. (NYSE: XYZ) announced on May 19, 2026, that The Hat, a quick-service restaurant known for pastrami sandwiches, has selected Square as its unified commerce platform. Square for Restaurants will provide The Hat with centralized menu management and unified reporting tools, empowering leadership with comprehensive operational insights. The Hat also utilizes Square Register, receipt printers, and cash drawers configured for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised his price target on Block stock to $85 from $80, maintaining a 'Buy' rating, citing strong Q1 results. The analyst noted that Block's performance demonstrates how focus and smart strategy continue to pay off despite difficult macroeconomic conditions and maturation in e-commerce payments. Block is engaged in building ecosystems focused on commerce and financial products and services.
Yahoo FinanceBlock Announces The Hat Selects Square as Unified Commerce Platform
Block, Inc. (NYSE: XYZ) announced on May 19, 2026, that The Hat, a quick-service restaurant chain known for pastrami sandwiches, has selected Square as its unified commerce platform. Square for Restaurants will provide The Hat with centralized menu management and unified reporting tools, offering leadership comprehensive operational insights. The Hat will also utilize Square Register, receipt printers, and cash drawers configured for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised Block's price target to $85 from $80, maintaining a Buy rating, citing strong Q1 results despite difficult macroeconomic conditions and e-commerce payments maturation. Block focuses on building ecosystems for commerce and financial products and services.
Yahoo FinanceBlock Announces The Hat Selects Square as Unified Commerce Platform
Block, Inc. (NYSE: XYZ) announced on May 19, 2026, that The Hat, a quick-service restaurant chain known for pastrami sandwiches, has selected Square as its unified commerce platform. Square for Restaurants will provide The Hat with centralized menu management and unified reporting tools, empowering leadership with comprehensive operational insights. The Hat will also utilize Square Register hardware configured for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised his price target on Block stock to $85 from $80, maintaining a Buy rating, citing strong Q1 results that demonstrate the company's focus and smart strategy paying off despite difficult macroeconomic conditions and e-commerce payments maturation. Block is engaged in building ecosystems focused on commerce and financial products and services.
Yahoo FinanceBlock Announces The Hat Selects Square as Unified Commerce Platform
Block, Inc. (NYSE: XYZ) announced on May 19, 2026, that The Hat, a quick-service restaurant known for pastrami sandwiches, has selected Square as its unified commerce platform. Square for Restaurants will provide The Hat with centralized menu management and unified reporting tools, empowering leadership with comprehensive operational insights. The Hat will also utilize Square Register, receipt printers, and cash drawers configured for high-volume counter service. Separately, Canaccord analyst Joseph Vafi raised his price target on Block stock to $85 from $80, maintaining a 'Buy' rating, citing strong Q1 results despite difficult macroeconomic conditions and e-commerce payments maturation. Block is focused on building ecosystems for commerce and financial products and services.
Yahoo Finance