Block, Inc. (XYZ)’s Square and Thrive Expand Partnership

Core Insights - Block, Inc. is recognized as one of the top digital payments stocks to invest in currently [1] Group 1: Partnership Expansion - Square, a division of Block, Inc., is expanding its partnership with Thrive, enabling sellers to manage catalogs, orders, and inventory across both in-store and e-commerce platforms like Shopify [2] Group 2: Analyst Ratings and Price Target - BofA has reduced the price target for Block, Inc. from $88 to $86, while maintaining a Buy rating on the stock after adjusting estimates in its consumer finance coverage [3] Group 3: Financial Performance - Block, Inc. reported third-quarter revenues that fell short of Wall Street expectations, with adjusted earnings per share at 54 cents, below the anticipated 67 cents, despite an 18% increase in gross profit to $2.66 billion year-over-year [4] - The company raised its full-year gross profit forecast to $10.24 billion, a slight increase from previous expectations [4]