Diameter (radius) refers here to the distance the laser beam can travel to reach matter before Dark Energy (and the expansion of the universe) will make this impossible.
Hubble's constant implies an expanding universe in which clusters of galaxies are moving away from each other. After certain distance travelled the laser beam will not be able to reach the next galaxy cluster anymore because dark energy will have taken over, and even gravity will not be enough to hold galaxies together.
Is this distance bigger/equal/smaller than the observable universe? Can we already determine which galaxies are the candidates when the laser beam reaches this distance?
The observable Universe is according to Wikipedia: Diameter: $8.8 \times 10^{26}~\mathrm{m}$ (28.5 Gpc or 93 Gly)