The main goal of our research was to design and implement an innovative target that would be suitable for accurately registering point clouds produced from unmanned aerial vehicle (UAV) images and terrestrial laser scans. Our new target is composed of three perpendicular planes that combine the properties of plane and volume targets. The new target enables the precise determination of reference target points in aerial and terrestrial point clouds. Different types of commonly used plane and volume targets as well as the new target were placed in an established test area in order to evaluate their performance. The targets were scanned from multiple scanner stations and surveyed with an unmanned aerial vehicle DJI Phantom 4 PRO at three different altitudes (20, 40, and 75 m). The reference data were measured with a Leica Nova MS50 MultiStation. Several registrations were performed, each time with a different target. The quality of these registrations was assessed on the check points. The results showed that the new target yielded the best results in all cases, which confirmed our initial expectations. The proposed new target is innovative and not difficult to create and use.