Friday's downside creates price targets for 3 stocks

Pay attention to the following stocks approaching critical price targets: Williams-Sonoma, Inc., Brunswick Corporation, Elastic N.V. are the ones to watch.

Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones closed at 31,862, a 1.19% change. S&P 500 closed at 3,916.64, a 1.1% change.

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. Let's review some stocks and their price targets.

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) increased, making up 388% of the 21-day average (953,391).

Having fallen $8.91 in 18 days, Friday's session continued the recent downtrend: during Friday's session, Brunswick toiled and struggled for upward momentum before closing at $76. By the close, the the marine industry specialist suffered a $4.29 or 5.36% loss. Daily trading volume (1.57 million shares) increased, making up 329% of the 21-day average (477,173).

During Friday's session, Elastic 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. Trading volume totalled 857,391 which equates to around 73% of the stock's 21-day average Friday.