$re = '/^(.*?)(\/target-)(.*?)(\.md)$/i';
$str = '/dir1/dir2/dir3/dir4/../dir7/dir8/dir9/target-.a-word1-word2-alphanumberic1-alphanumberic2.md';
preg_match($re, $str, $matches, PREG_OFFSET_CAPTURE, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php