Read up on Vertiv Holdings Co, FedEx Corp, United Parcel Service as they approach key price targets in the near term.

Yesterday's session summary: Leading equity indices in the US rose as Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 closed the day at 4,105, having gained 0.36%.

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 industrials stocks and their price targets.

Vertiv Holdings LLC is trading at $12.38, its target level is $12.13

After ending Wednesday at $12.92, Vertiv Holdings Co declined to $12.26 yesterday before closing at $12.38, thereby losing 4.18% in total. Yesterday's 4.18% loss extends a 5 day bearish run in which Vertiv Holdings LLC had already lost $1.39 from its share value. Daily trading volume (3.36 million shares) increased, making up 107% of the 21-day average (3.15 million).

Over the past a month, the data center equipment supplier has retreated 21.51% from a noteworthy peak of $16.46. The company is currently trading with a market cap of $4.68 billion with an average daily trading volume of 3.15 million shares. So far this year, it has been doing worse than the Nasdaq by 20.83%. Vertiv Holdings LLC has a forecast of $1.68 billion with an EPS of 30 cents.

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

Buyers pushing FedEx towards its price target of $234.95; currently at $232.1

Pronounced bullish sentiment in the market helped the renowned transportation and delivery company to make a notable 0.94% gain yesterday, rising $2.17 and ultimately closing at $232.1. Yesterday's gains added to FedEx's 14 days uptrend, during which it increased a total of $13.69. Daily trading volume (3.64 million shares) was slightly above the current multiday average of 3 million.

The globally renowned shipping services company has gained 31.31% since its lowest print of $142.9 earlier this year. The company's market cap currently stands at $58.34 billion with an average daily volume of 3 million shares. So far this year, it has been beating the S&P by 24.44%. FedEx expected revenue of $22.71 billion with an EPS of $2.64.

FedEx's run now faces a challenge at $234.95, which is only $2.85 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

UPS now at $188.58 | Forthcoming price target: $3.39 lower at $185.19

A persuasive break of this target could lead to higher losses.

Having fallen $4.59 in 5 days, yesterday's session continued the recent downtrend: early in yesterday's session, United Parcel Service dropped to $186.53 from $189.4 at the end of Wednesday, before closing at $188.58. During the session, it lost 0.43%. The day's trading volume totalled 2.12 million shares — lower than the 21-day average of 3.88 million.