Gold prices bounce off 3-week lows; demand likely longer term
LONDON - Square, a prominent player in the Financial Services industry with a market capitalization of $39.6 billion, has introduced its new Square Handheld point-of-sale device to the UK market, according to a company press release issued Tuesday. The portable device weighs 0.31 kg and measures 1.5 cm thick, designed to help food and beverage businesses serve customers both at counters and on the floor. According to InvestingPro data, the company maintains strong financial health with robust liquidity metrics.
The water-resistant device features all-day battery life, offline payment capabilities, an integrated camera for product photography, and a barcode scanner. Square Handheld runs on the company’s new unified Point of Sale app, which consolidates features previously spread across separate restaurant, retail, and appointment applications. This innovation comes as Square shows steady business growth, with revenue increasing 4.6% over the last twelve months.
"Running a business has never been more demanding, but at Square we’re here to partner and power UK businesses with the right digital tools," said Ming-Tai Huh, Head of Food and Beverage at Square.
Alongside the hardware launch, Square announced several new software features for UK restaurants, including item splitting for easier bill management, QR code-enabled payments through printed receipts, centralized menu management across locations, and integration with reservation systems ResDiary and OpenTable.
The company cited research conducted with Tech on Toast indicating that restaurant leaders value staff feedback (74%), fewer errors (68%), and greater efficiency (52%) when implementing new technology.
Square has partnered with Belkin to offer protective cases for the device, available in two colors through Square Shop.
The Square Handheld became available in the UK on June 25, 2025, as part of what the company describes as a wave of new innovations for the food and beverage sector. InvestingPro analysis suggests the stock is currently undervalued, with multiple additional insights available through the platform’s comprehensive Pro Research Report, which provides deep-dive analysis of Square and 1,400+ other top stocks.
In other recent news, Block Inc.’s Square has announced a significant expansion of its partnership with Live Nation Canada, becoming the exclusive payment processor at major concert venues across the country for the next three years. This includes the upcoming Rogers Stadium, where Square will handle all point of sale and payment processing operations. Additionally, Square has launched its new artificial intelligence tool, Square AI, now available in open beta for U.S.-based sellers. The AI assistant is designed to provide business insights directly through the Square Dashboard, enhancing operational efficiency for sellers.
Analysts have also weighed in on Block’s recent developments. UBS maintained its Buy rating for Block with a $70 price target, expressing confidence in the company’s evolving product ecosystem. Jefferies analysts have raised their price target for Block to $75, maintaining a Buy rating, citing increased hiring in sales roles and strategic market expansion. Furthermore, Evercore ISI upgraded Block’s stock rating from In Line to Outperform, raising the price target to $75 from $58. The upgrade was based on moderated concerns about Cash App lending and promising new product releases. These developments reflect ongoing confidence in Block’s growth prospects and strategic initiatives.
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