Overlay target design is an important issue in overlay metrology, whose aim is to probe the optimal overlay target to achieve good performance on measurement precision and accuracy even in the presence of process variation. In this paper, the target design problem is first formulated as a multiobjective optimization problem and then solved by the multiobjective genetic algorithm. The feasibility of the proposed method is verified based on simulations carried out on two overlay targets. The results reveal that measurements with high precision, accuracy, and process robustness could be achieved on the targets designed by the proposed method.