Can SQ's Expanding Partner Base & Integrations Push the Stock Higher?
BLOCK(SQ) ZACKS·2024-10-24 01:51
Block (SQ) shares have returned 7.8% in the past month, outperforming the broader Zacks Business Services sector’s appreciation of 3.7% and the Zacks Technology Services industry’s return of 5.1%. The outperformance can be attributed to Block’s strong positioning in the digital payments industry on the back of its robust payment and point-of-sale (POS) solutions. Its rich partner base, including the likes of Wix, Restaurant365, and Intuit (INTU) , has been a key catalyst.Block is expanding its footprint amo ...