Imminent price targets among stocks following today's bullish session

Pay attention to the following stocks approaching critical price targets: Edison International, Zebra Technologies Corp, Wells Fargo & Company are the ones to watch.

A quick recap of where the last trading session ended: Leading equity indices in the US rose as Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

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.

Edison International | Price Target: $65.03 approx 60 cents away; Current Price: $65.63 Session Low: $64.66 Session High: $65.91 | Off Hours: $65.63

A convincing break of this target could pave the way for deeper losses.

Edison International has been losing ground for 12 days, shedding a total of 11.54% of its value. a slight improvement can be seen from today's session: after dropping down to $64.66, the electricity supplier recovers some losses and is currently trading at $65.63. Trading volume totalled 1 million which equates to around 72% of the stock's 21-day average today.

Buyers pushing Zebra Technologies towards its price target of $263.56; currently at $264.72

It will be interesting to follow how Zebra Technologies's run now faces a challenge at $263.56, which is only $1.16 away.

An influx of buyers helped the industrial tech developer to end the session higher around $264.72, while establishing a $260.67 to $266 session range today. Trading volume totalled 232,307 which equates to around 56% of the stock's 21-day average today.

Buyers pushing Wells Fargo towards its price target of $41.29; currently at $41.23

Wells Fargo's run now faces a challenge at $41.29, which is only 6 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Wells Fargo has posted further gains as part of a 10 day trend that has already seen the stock gain $3.41. today's session pointed in the same direction — after closing at $40.9 on yesterday, Wells Fargo maintained a strong bullish bias that helped the stock close higher at $41.23 today. However, market bears ensured the the bank holding company topped out at $41.52 and that by the end of the session, the market had marked out a distinct $40.76 to $41.52 range. Today's trading volume was 17.40 million shares which is slightly below the 21-day average of 24.81 million.