Market selloff delivers upcoming price targets for 3 stocks

Veeva Systems Inc., B.O.S. Better Online Solutions Ltd., Bausch Health Companies Inc., among others, are the stocks approaching important price targets.

Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 shed 1.1% and closed 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, Veeva Systems Inc. toiled and struggled for upward momentum before closing at $172.63. By the close, the the cloud-computing company suffered a $3.15 or 1.79% loss. The day's trading volume totalled 1 million shares — slightly under the 21-day average of 1.21 million.

The cloud-computing company reached a significant high of $231.91 around 7 months ago but has lost 24.2% since then. The company is currently trading with a market cap of $26.88 billion with an average daily trading volume of 1.21 million shares. So far this year, it has been under-performing the Nasdaq by 1.17%. Veeva Systems last reported revenue of $563.39 million with an EPS of 68 cents.

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 Israeli robotics company suffered a 6 cents or 2.59% loss. Friday's fall added to a 13 day bearish run, during which B.O.S. Better Online Solutions lost 20 cents. The day's trading volume totalled 4,976 shares — slightly under 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 has a market cap of $12.89 million with an average daily volume of 5,142 shares.

During Friday's session, Bausch Health Companies toiled and struggled for upward momentum before closing at $7.6. By the close, the the pharma developer and manufacturer suffered a 19 cents or 2.44% loss. Friday's fall added to a 13 day bearish run, during which Bausch Health Companies lost $2.06. Trading volume totalled 2.76 million which equates to around 37% of the stock's 21-day average Friday.

The pharma developer and manufacturer is now trading 67.81% below the significant high of $24.2 it set around 1 year, 1 day ago. Bausch Health Companies's market cap is currently $2.75 billion with an average daily trading volume of 7.55 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 20.66%. Bausch Health Companies has a forecast of $2.14 billion with an EPS of 92 cents.