target vs reference point

target and reference point both are nouns.

Word	Noun	Adjective	Verb	Adverb
target	Yes	No	Yes	No
reference point	Yes	No	No	No

As nouns, reference point is a hypernym of target; that is, reference point is a word with a broader meaning than target:

Other hypernyms of target include point of reference, reference.

target (noun)	reference point (noun)
sports equipment consisting of an object set up for a marksman or archer to aim at	an indicator that orients you generally
the goal intended to be attained (and which is believed to be attainable)
a reference point to shoot at
the location of the target that is to be hit
a person who is the aim of an attack (especially a victim of ridicule or exploitation) by some hostile person or influence

target (verb)	reference point (verb)
intend (something) to move towards a certain goal