diff --git a/python/tvm/driver/tvmc/common.py b/python/tvm/driver/tvmc/common.py
index c5cb5f29031f..fbd7bc897683 100644
--- a/python/tvm/driver/tvmc/common.py
+++ b/python/tvm/driver/tvmc/common.py
@@ -131,9 +131,19 @@ def tokenize_target(target):
         a list of parsed tokens extracted from the target string
     """
 
+    # Regex to tokenize the "--target" value. It is split into five parts
+    # to match with:
+    #  1. target and option names e.g. llvm, -mattr=, -mcpu=
+    #  2. option values, all together, without quotes e.g. -mattr=+foo,+opt
+    #  3. option values, when single quotes are used e.g. -mattr='+foo, +opt'
+    #  4. option values, when double quotes are used e.g. -mattr="+foo ,+opt"
+    #  5. commas that separate different targets e.g. "my-target, llvm"
     target_pattern = (
         r"(\-{0,2}[\w\-]+\=?"
-        r"(?:[\w\+\-\.]+(?:,[\w\+\-\.])*|[\'][\w\+\-,\s\.]+[\']|[\"][\w\+\-,\s\.]+[\"])*|,)"
+        r"(?:[\w\+\-\.]+(?:,[\w\+\-\.])*"
+        r"|[\'][\w\+\-,\s\.]+[\']"
+        r"|[\"][\w\+\-,\s\.]+[\"])*"
+        r"|,)"
     )
 
     return re.findall(target_pattern, target)
diff --git a/tests/python/driver/tvmc/test_tvmc_common.py b/tests/python/driver/tvmc/test_tvmc_common.py
index 23ea4f46b2ff..474649d8b1b3 100644
--- a/tests/python/driver/tvmc/test_tvmc_common.py
+++ b/tests/python/driver/tvmc/test_tvmc_common.py
@@ -275,22 +275,16 @@ def test_parse_multiple_target_with_opts():
     assert "llvm" == targets[1]["name"]
 
 
-def test_parse_multiple_separators_on_target():
-    targets = tvmc.common.parse_target("foo -option1=+v1.0x,+value,+bar")
-
-    assert len(targets) == 1
-    assert "+v1.0x,+value,+bar" == targets[0]["opts"]["option1"]
+def test_parse_quotes_and_separators_on_options():
+    targets_no_quote = tvmc.common.parse_target("foo -option1=+v1.0x,+value,+bar")
+    targets_single_quote = tvmc.common.parse_target("foo -option1='+v1.0x,+value'")
+    targets_double_quote = tvmc.common.parse_target('foo -option1="+v1.0x,+value"')
 
+    assert len(targets_no_quote) == 1
+    assert "+v1.0x,+value,+bar" == targets_no_quote[0]["opts"]["option1"]
 
-def test_parse_single_quoted_multiple_separators_on_target():
-    targets = tvmc.common.parse_target("foo -option1='+v1.0x,+value'")
-
-    assert len(targets) == 1
-    assert "+v1.0x,+value" == targets[0]["opts"]["option1"]
+    assert len(targets_single_quote) == 1
+    assert "+v1.0x,+value" == targets_single_quote[0]["opts"]["option1"]
 
-
-def test_parse_double_quoted_multiple_separators_on_target():
-    targets = tvmc.common.parse_target('foo -option1="+v1.0x,+value"')
-
-    assert len(targets) == 1
-    assert "+v1.0x,+value" == targets[0]["opts"]["option1"]
+    assert len(targets_double_quote) == 1
+    assert "+v1.0x,+value" == targets_double_quote[0]["opts"]["option1"]