Is price-to-earnings ratio of 8.80 for Flex Ltd. (NASDAQ:FLEX) Stock digestible?

Argus raised the price target for the Flex Ltd. (NASDAQ:FLEX) stock from ‘a Hold’ to ‘a Buy’. The rating was released on May 18, 2023, according to finviz. The research report from JP Morgan has upgraded the stock from Neutral to Overweight, with a price target set at $22. The stock was downgraded by JP Morgan, who disclosed in a research note on December 18, 2020, from Overweight to Neutral and set the price objective to $17. In their research brief published October 16, 2020, RBC Capital Mkts analysts upgraded the Flex Ltd.