Target (NYSE: TGT) gave investors a miserable update in its 2022 first-quarter earnings report, with a low sales increase, pressured margins, too much inventory, and not too much hope the rest of the year. As would be expected, its stock tanked, setting off investor fears and a wave of stock price declines. 

But now is a great time to buy shares of the giant retailer, and it's not contrarian investing or a gamble. Let's dig into why it makes a lot of common sense to invest in Target today.

Target stock typically trades at a fairly low valuation. Most mature companies do, since valuation is usually tied to a company's growth potential. That's why high-growth stocks often have astronomical valuations. 

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Source Fool.com