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NEW YORK/CHICAGO - Block, Inc. (NYSE:XYZ), a $45.7 billion financial technology company that InvestingPro analysis shows is currently undervalued, and Grubhub announced a partnership that integrates Square’s point-of-sale system with Grubhub’s food ordering platform and adds Cash App Pay as a payment option for customers, according to a press release issued Tuesday. Block maintains exceptional financial strength with a perfect Piotroski Score of 9.
The integration allows restaurants to manage all Grubhub orders directly through their existing Square point-of-sale system rather than requiring separate tablets. Restaurant operators can control menus, modifiers, and inventory from a single dashboard while sending orders directly to the kitchen.
"By integrating directly with Square’s point-of-sale system, we’re removing friction for restaurants so they can manage all their orders in one place, streamline kitchen workflows, and keep menus up to date with ease," said Howard Migdal, CEO at Grubhub.
The partnership also introduces Cash App Pay as a payment option for Grubhub customers, providing an additional checkout method for diners.
Nick Molnar, Global Head of Sales and Marketing at Block, stated that the partnership "showcases Block’s unique ability to drive value for both sellers and customers by serving both sides of the counter."
Grubhub currently features over 415,000 merchants in more than 4,000 U.S. cities, according to the company. Block, formerly known as Square, operates several brands including Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto.
The integration was initially announced at Square Releases last week before today’s formal partnership announcement.
In other recent news, Block Inc. has garnered attention with several key developments. UBS has maintained its Buy rating and $95.00 price target on Block, highlighting the potential of its Cash App Card’s Buy Now, Pay Later feature to drive upward estimate revisions. Similarly, TD Cowen reiterated its Buy rating and $95.00 price target, praising Block’s innovation and product velocity showcased at the Square Releases Fall 2025 event. Jefferies also kept its Buy rating, setting a $90.00 price target, and noted a decline in job listings for sales roles, which may indicate a completed hiring wave.
In addition, Square, a part of Block, announced enhancements to its AI assistant, integrating local data insights to aid small businesses in decision-making. The company also launched Square Bitcoin, allowing small businesses to accept bitcoin payments with zero processing fees for the first year. This new platform includes Bitcoin Payments, Bitcoin Conversions, and a Bitcoin Wallet, aiming to simplify cryptocurrency transactions for merchants. These developments reflect Block’s ongoing efforts to innovate and expand its offerings in the financial technology sector.
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