The advances in technology to capture and process unprecedented amounts of educational data has boosted the interest in Learning Analytics Dashboard (LAD) applications as a way to provide meaningful visual information to administrators, parents, teachers and learners. Despite the frequent argument that LADs are useful to support target users and their goals to monitor and act upon the information provided, little is known about LADs’ theoretical underpinnings and the alignment (or lack thereof) between LADs intended outcomes and the measures used to evaluate their implementation. However, this knowledge is necessary to illuminate more efficient approaches in the development and implementation of LAD tools. Guided by the self‐regulated learning perspective and using the Preferred Reporting Items for Systematic Reviews and Meta‐Analyses (PRISMA) framework, this systematic literature review addressed this gap by examining whether and how learner‐facing LAD’s target outcomes align with the domain measures used to evaluate their implementations. Out of the 1297 papers retrieved from 15 databases, 28 were included in the final quantitative and qualitative analysis. Results suggested an intriguing lack of alignment between LADs’ intended outcomes (mostly cognitive domain) and their evaluation (mostly affective measures). Based on these results and on the premise that LADs are designed to support learners, a critical recommendation from this study is that LADs’ target outcomes should guide the selection of measures used to evaluate the efficacy of these tools. This alignment is critical to enable the construction of more robust guidelines to inform future endeavours in the field.