It depends what other investments you have and also what alternatives to the target date fund are available.
One of those few things I agree with Ric Edelman on is the misuse of target date funds. An example is that in a 401k, one spouse uses just a target date fund. In other accounts, various equity, bond, international funds are used. No AA is chosen and no AA is kept track of with respect to the target date. So overall, you're flying blind. Don't do that. Ric's solution is that if you're going to use a 2030 target date, ONLY use a 2030 target date everywhere. That's hard to do sometimes. A more difficult way is to use the 2030 target date in one account but account for the assets it holds every year and balance with your other funds. But that's defeating the purpose of the target date, which makes things easy with changing AAs and auto rebalanceing. If you're doing that, then just pick single funds.
The other reason to choose a target date is if the other choices are horrible. This 0.61 ER is pretty bad. Fidelity has target date INDEX funds that are cheaper but might not be in your plan.
I don't use target date funds because maintaining an AA is so easy that I can't be bothered. I find it more difficult to tie my shoes than to rebalance my entire portfolio once a year.