Nope, he's a G1 Targetmaster. Never thought about the colors, he does kinda have a G2 scheme to him
Come to think of it, I don't think there were any Targetmasters in the G2 line. I think the only G2 figure I ever got, was Brawl, just cuz he was cheap & just sitting around a Kmart for years. I think I did acquire one of the G2 coneheads, though I don't recall where I got him. Oh, I did pick up a few of the Cyberjets & 1 of the Lazercycles. I kinda wish Hasbro would've repainted the Lazerrods when they were doing all those repaints for Robots in Diguise, they looked kinda cool.