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"overshot" is correct and usable in written English.
You can use it as an adjective or a verb to indicate that somebody or something has gone beyond a desired or expected limit. Example sentence: The basketball player overshot the basket and the ball landed outside the court.
Dictionary
overshot
verb
Past of overshoot
Exact(60)
Shortly before the Defence of Marriage Act was challenged in the Supreme Court in 2013, he said he now thought it was unconstitutional (the court agreed), and he has argued that "we overshot the mark" on incarceration.
Now that prices have massively overshot, the argument stands for the opposite reason: liberalisation would reduce prices, while leaving farmers with a decent living.There is an occasional exception to the rule that governments should keep out of agriculture.
The increase in VAT could push inflation above 3%, requiring Mervyn King, the governor of the Bank of England, to explain why the 2% target has been overshot to such an extent.
But the share price soon overshot that level, suggesting that another buyer was sniffing around.
Since the scheme overshot the government's £1 billion budget, it pulled the plug.Critics say the idea of putting a whizzy new piece of kit on a 40-year-old power station was always daft, and that the pilot should be at a newer coal- or gas-fired plant.
After all, Mr King and company have overshot their targets for most of the last four years, and at some point 3%+ rates of inflation will call into question the Bank's credibility.While that scenario remains unlikely, the risk of stagflation will constrain the Bank of England's options going forward.
Even if the fund is not tapped now, there are signs that some of it will be used to finance a tax cut next year.The government overshot its inflation target of 10% in 2004 (the actual rate was 11.7%); 2005's goal, 8.5%, looks optimistic.
Mr Williamson reckons the dollar has "not greatly overshot" its fair value against the euro, though it could more usefully gain ground against Asian currencies.A recent IMF paper sets out its approaches to valuing currencies.
(In each case, state security organs overshot the level of surveillance, secrecy and repression they actually needed to employ, but few would argue that the correct level was "none").
The day before, loyalist forces from his hometown of Sirte fired a Soviet-era Scud ballistic missile at Brega that overshot its target by 50 miles, landing harmlessly in the desert.
On the night of July 17th a packed Airbus 320 jet operated by TAM, the country's leading airline, overshot the runway at São Paulo's Congonhas airport, slid across a busy road and slammed into a nearby warehouse, exploding on impact.
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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