It doesnt make the graph any clearer in my opinion. the graph uses 3 different styles of value indicators. the background colored areas, the bar itself and the "target indicator". discarding the "target indicator" and using intuitively understandable colors (red/yellow/green) for the background colors might help, but othervise i dont see this as a easily readable graph style. especially it cannot be read without prior explanation. If the graph is being used regularely within a company or group it may well be used.

if you need well established graph styles have look here: https://datavizcatalogue.com/