Definition
Profit target
The percentage gain required to pass an evaluation phase — commonly 8–10% for phase one, ~5% for phase two.
Targets define the challenge's difficulty together with drawdown: a 10% target under a 10% max drawdown is a 1:1 budget; a 10% target under 6% trailing is a much harder game.
Funded accounts usually have no target — the target's job is done once you're funded.
Related terms
General industry definitions — individual firms define terms differently in their own ToS; the decoded rulebook for each firm is the source of truth. Educational, not financial advice.