Price action reveals Altice USA, Inc., Sea Limited American, Dolby Laboratories, Inc. as the stocks to watch as they near pivotal price targets in the near term.

Here's the most recent update: Markets are mixed with Dow Jones up 0.29%, trading at 32,000. S&P 500 drawing back 0.13% to 3,856.76.

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 communication_services stocks and their price targets.

Altice USA (ATUS) Price target: $3.37 | Last price: $3.54 | Daily range: $3.43 – $3.58

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

Altice USA has been losing ground for 6 days, shedding a total of 13.36% of its value. more of the same today: Altice USA is down to $3.54, after ending Friday at $3.58. Overall, a 1.26% loss or 4.5 cents today.

Sea Ltd (SE) Price target: $69.51 | Last price: $73.37 | Daily range: $71.08 – $73.84

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

Having lost $6.61 over 4 days, today is looking a bit better: Sea Ltd trades at $73.37, after ending Friday at $73.45.

Bearish Dolby Laboratories dips below key support at $78.52 but bounces back $1.22 later in the session

Dolby Laboratories is down to $79.74, after ending Friday at $80.25. Overall, a 0.64% loss or 51 cents today. Today's losses are adding to a 6 day bearish run, during which Dolby Laboratories lost $3.22 of its value.

The consumer audio electronics company reached a significant high of $86.41 around a month ago but has lost 7.13% since then. The company's market cap currently stands at $7.64 billion with an average daily volume of 336,286 shares. So far this year, it has been outperforming the Nasdaq by 6.2%. Dolby Laboratories last reported revenue of $334.92 million with an EPS of $1.11.

Dolby Laboratories's run now faces a challenge at $78.52, which is only $1.22 away and will be interesting to follow.