5 On-The-Money Stock Picks For Last Week From Benzinga's Most Accurate Analysts: MongoDB, Lululemon Athletica And More

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.

Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga's extensive database of analyst ratings is by analyst accuracy. Here's a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.

• Analyst: Rick Patel

Analyst Firm: Raymond James
Ratings Accuracy: 88%
Latest Rating: Maintained a Strong Buy rating on Lululemon Athletica Inc. LULU on December 6, 2022, and boosted the price target from $345 to $438. Patel sees around 34% surge in the company’s stock.

• Analyst: Charles Meade

Analyst Firm: Johnson Rice
Ratings Accuracy: 87%
Latest Rating: Upgraded rating on Diamondback Energy, Inc. FANG from Accumulate to Buy on December 5, 2022, and raised the price target from $205 to $210. Rice predicts around 62% increase in the stock.

• Analyst: William Power

Analyst Firm: Baird
Ratings Accuracy: 86%
Latest Rating: Reiterated an Outperform rating for MongoDB, Inc. MDB on December 5, 2022, but slashed the price target from $330 to $205. Power expects around 7% rise in the company’s stock.
Also check out: CNN Fear & Greed Index In 'Neutral' Zone After Dow Tumbles 300 Points

• Analyst: Spiro Dounis

Analyst Firm: Citigroup
Ratings Accuracy: 86%
Latest Rating: Initiated coverage on Crestwood Equity Partners LP CEQP with a Buy rating on December 9, 2022, and with a price target of $32. Dounis sees around 16% rise in the stock.

• Analyst: Joseph Quatrochi

Analyst Firm: Wells Fargo
Ratings Accuracy: 86%
Latest Rating: Maintained an Overweight rating for KLA Corporation KLAC on December 7, 2022, and raised the price target from $360 to $420. Quatrochi sees the stock jumping more than 6%.