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The phrase "an ambitious target" is correct and usable in written English.
You can use it when referring to a goal or objective that is challenging and requires significant effort to achieve.
Example: "The company has set an ambitious target to reduce carbon emissions by 50% over the next five years."
Alternatives: "a challenging goal" or "a bold objective."
Exact(60)
This is an ambitious target, but possible.
Even for them, though, Detroit is an ambitious target.
G.E. has set an ambitious target for Predix.
Chuck Gould has set himself an ambitious target.
We have inventoried our emissions, set an ambitious target, and begun implementation.
It is an ambitious target, given the political, economic and environmental hazards surrounding the issue.
That's an ambitious target; excessive noise seems built into New York.
However, turning an ambitious target into practical action is proving elusive.
It is an ambitious target to improve overall Hepatocellular Carcinoma therapeutic effects.
That is an ambitious target, and some skeptics say it is unreachable.
It will try to generate yields of up to 10%, an ambitious target in recessionary times.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com