Attempt to index nil with Position?

I'm pretty sure the issue here is that "Target" is a Value, though you didn't explain what Value in the Target object is.

Target is a value, you have to first convert it to Vector3.

local Players = game.Players:GetPlayers()

local BodyVelocity = script.Parent.BodyVelocity

repeat
    wait()
    Players = game.Players:GetPlayers()
until #Players > 0

local Settings = script.Parent.Settings

local Aiming = script.Parent.Aiming
local Target = script.Parent.Target.Value

wait(Settings.AimTime.Value)

Aiming.Value = false
script.Parent.Anchored = false

script.Parent.BodyVelocity.Velocity = CFrame.new(-script.Parent.Position, -Vector3.new(game.Workspace[Target].Position)) 

Try this code. Edit: I understand better now try this.

Many people here are mistaking that "Position" doesn't exist. If you read it carefully, you can see that it says that you're taking "position" from something that doesn't exist.

What people think is happening:

local tab = {}
print(tab.Position) -- position doesn't exist

What is actually happening:

local tab = nil
print(tab.Position) -- you're getting position from a non existant value, or nil

Therefore

-script.Parent.Position
-Target.Position

One of these are nil. Either script.Parent doesn't exist (highly unlikely) Or target.Value hasn't been assigned to yet.

Chances are, it's the latter.

Either Target.Value is nil or Target.Value is an object without a Position value.