Yes, target is a Scrabble word!

Verb

1. Intend (something) to move towards a certain goal

Noun

1. A reference point to shoot at

2. A person who is the aim of an attack (especially a victim of ridicule or exploitation) by some hostile person or influence

3. The location of the target that is to be hit

4. Sports equipment consisting of an object set up for a marksman or archer to aim at

5. The goal intended to be attained (and which is believed to be attainable)