Friday's downside creates price targets for 3 stocks

Elastic N.V., B.O.S. Better Online Solutions Ltd., Williams-Sonoma, Inc., among others, are the stocks approaching important price targets.

Friday's session summary: Leading equity indices in the US declined as Dow Jones closed at 31,862, a 1.19% change. S&P 500 was down 1.1% before closing the session at 3,916.64.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of stocks and their price targets.

During Friday's session, Elastic N.V. toiled and struggled for upward momentum before closing at $54.9. By the close, the the self-managed SaaS provider suffered a $1.4 or 2.49% loss. Friday's trading volume was 857,391 shares which is slightly under the 21-day average of 1.17 million.

During Friday's session, B.O.S. Better Online Solutions toiled and struggled for upward momentum before closing at $2.26. By the close, the the RFID supply chain solutions provider suffered a 6 cents or 2.59% loss. Friday's 2.59% loss extends a 13 day bearish run in which B.O.S. Better Online Solutions had already lost 20 cents from its share value. Friday's trading volume was 4,976 shares which is slightly below the 21-day average of 5,142.

B.O.S. Better Online Solutions hit a significant low of $1.98 around 2 months ago, but has since recovered 17.42%. The company's market cap currently stands at $12.89 million with an average daily volume of 5,142 shares.

Having fallen $4.71 in 5 days, more of the same from Friday's session: during Friday's session, Williams-Sonoma toiled and struggled for upward momentum before closing at $116.86. By the close, the the kitchenware and home furnishings specialist suffered a $3.09 or 2.58% loss. Daily trading volume (3.70 million shares) was above the current multiday average of 953,391.