A target, used in stock trading, options trading, and futures trading. is a reference point with regard to the measuring implications of the technical pattern in tact,
For example, if a bull flag has a flag pole that ranges from 100 to 110, the measuring implications state that it has a flag pole height of 10 (110-100). With that in mind, you would measure the move based on a 10 point height. Therefore, a break above 110 should result in a move to 120 (110+10). In this case, 30 is the target.
The term target can be applied to any pattern with measuring implications.
Related terms: Protective Stop, Trailing Stop, Stop order, Back Stop