diff --git a/babel.config.js b/babel.config.js
index 28ea2337d..5ea862d57 100644
--- a/babel.config.js
+++ b/babel.config.js
@@ -10,7 +10,7 @@ module.exports = {
     [
       require.resolve('@babel/preset-env'),
       {
-        targets: {node: '18'},
+        targets: {node: '20'},
         useBuiltIns: 'entry',
         corejs: '2.x',
       },
diff --git a/package.json b/package.json
index 2f9361d00..ebbf08bde 100644
--- a/package.json
+++ b/package.json
@@ -32,8 +32,9 @@
     "@react-native-community/eslint-config": "^3.2.0",
     "@types/glob": "^7.1.1",
     "@types/jest": "^26.0.15",
-    "@types/node": "^18.0.0",
-    "@types/node-fetch": "^2.3.7",
+    "@types/node": "^20.8.10",
+    "@types/node-fetch": "^2.6.8",
+    "@types/readable-stream": "^4.0.4",
     "babel-jest": "^26.6.2",
     "babel-plugin-module-resolver": "^3.2.0",
     "chalk": "^4.1.2",
@@ -59,7 +60,7 @@
     "typescript": "^5.2.0"
   },
   "resolutions": {
-    "@types/node": "^18.0.0"
+    "@types/node": "^20.8.10"
   },
   "lint-staged": {
     "./packages/**/*.ts": [
diff --git a/packages/cli-tools/package.json b/packages/cli-tools/package.json
index 1ea8ac765..a7a573f73 100644
--- a/packages/cli-tools/package.json
+++ b/packages/cli-tools/package.json
@@ -22,8 +22,8 @@
     "@react-native-community/cli-types": "13.1.0",
     "@types/lodash": "^4.14.149",
     "@types/mime": "^2.0.1",
-    "@types/node": "^18.0.0",
-    "@types/node-fetch": "^2.5.5",
+    "@types/node": "^20.8.10",
+    "@types/node-fetch": "^2.6.8",
     "@types/shell-quote": "^1.7.1"
   },
   "files": [
diff --git a/yarn.lock b/yarn.lock
index 6f4fdddae..81593e9f8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2341,18 +2341,20 @@
   resolved "https://registry.yarnpkg.com/@types/minimist/-/minimist-1.2.0.tgz#69a23a3ad29caf0097f06eda59b361ee2f0639f6"
   integrity sha1-aaI6OtKcrwCX8G7aWbNh7i8GOfY=
 
-"@types/node-fetch@^2.3.7", "@types/node-fetch@^2.5.5":
-  version "2.5.5"
-  resolved "https://registry.yarnpkg.com/@types/node-fetch/-/node-fetch-2.5.5.tgz#cd264e20a81f4600a6c52864d38e7fef72485e92"
-  integrity sha512-IWwjsyYjGw+em3xTvWVQi5MgYKbRs0du57klfTaZkv/B24AEQ/p/IopNeqIYNy3EsfHOpg8ieQSDomPcsYMHpA==
+"@types/node-fetch@^2.6.8":
+  version "2.6.8"
+  resolved "https://registry.yarnpkg.com/@types/node-fetch/-/node-fetch-2.6.8.tgz#9a2993583975849c2e1f360b6ca2f11755b2c504"
+  integrity sha512-nnH5lV9QCMPsbEVdTb5Y+F3GQxLSw1xQgIydrb2gSfEavRPs50FnMr+KUaa+LoPSqibm2N+ZZxH7lavZlAT4GA==
   dependencies:
     "@types/node" "*"
-    form-data "^3.0.0"
+    form-data "^4.0.0"
 
-"@types/node@*", "@types/node@^18.0.0":
-  version "18.17.4"
-  resolved "https://registry.yarnpkg.com/@types/node/-/node-18.17.4.tgz#bf8ae9875528929cc9930dc3f066cd0481fe1231"
-  integrity sha512-ATL4WLgr7/W40+Sp1WnNTSKbgVn6Pvhc/2RHAdt8fl6NsQyp4oPCi2eKcGOvA494bwf1K/W6nGgZ9TwDqvpjdw==
+"@types/node@*", "@types/node@^20.8.10":
+  version "20.8.10"
+  resolved "https://registry.yarnpkg.com/@types/node/-/node-20.8.10.tgz#a5448b895c753ae929c26ce85cab557c6d4a365e"
+  integrity sha512-TlgT8JntpcbmKUFzjhsyhGfP2fsiz1Mv56im6enJ905xG1DAYesxJaeSbGqQmAw8OWPdhyJGhGSQGKRNJ45u9w==
+  dependencies:
+    undici-types "~5.26.4"
 
 "@types/normalize-package-data@^2.4.0":
   version "2.4.0"
@@ -2392,6 +2394,14 @@
   resolved "https://registry.yarnpkg.com/@types/range-parser/-/range-parser-1.2.3.tgz#7ee330ba7caafb98090bece86a5ee44115904c2c"
   integrity sha512-ewFXqrQHlFsgc09MK5jP5iR7vumV/BYayNC6PgJO2LPe8vrnNFyjQjSppfEngITi0qvfKtzFvgKymGheFM9UOA==
 
+"@types/readable-stream@^4.0.4":
+  version "4.0.4"
+  resolved "https://registry.yarnpkg.com/@types/readable-stream/-/readable-stream-4.0.4.tgz#21645a86e5214dc0b5c872b506653aa2512c1e33"
+  integrity sha512-NSAiePj3Iq3kBArfpUWRNX/mRw8DibYD6YhNCIJDfUP/iIOQYsNJgtHyjpbuZlcbL7TxILS8qYjY/nXXvtcFQg==
+  dependencies:
+    "@types/node" "*"
+    safe-buffer "~5.1.1"
+
 "@types/semver@^6.0.2":
   version "6.2.1"
   resolved "https://registry.yarnpkg.com/@types/semver/-/semver-6.2.1.tgz#a236185670a7860f1597cf73bea2e16d001461ba"
@@ -5808,15 +5818,6 @@ forever-agent@~0.6.1:
   resolved "https://registry.yarnpkg.com/forever-agent/-/forever-agent-0.6.1.tgz#fbc71f0c41adeb37f96c577ad1ed42d8fdacca91"
   integrity sha1-+8cfDEGt6zf5bFd60e1C2P2sypE=
 
-form-data@^3.0.0:
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/form-data/-/form-data-3.0.0.tgz#31b7e39c85f1355b7139ee0c647cf0de7f83c682"
-  integrity sha512-CKMFDglpbMi6PyN+brwB9Q/GOw0eAnsrEZDgcsH5Krhz5Od/haKHAX0NmQfha2zPPz0JpWzA7GJHGSnvCRLWsg==
-  dependencies:
-    asynckit "^0.4.0"
-    combined-stream "^1.0.8"
-    mime-types "^2.1.12"
-
 form-data@^4.0.0:
   version "4.0.0"
   resolved "https://registry.yarnpkg.com/form-data/-/form-data-4.0.0.tgz#93919daeaf361ee529584b9b31664dc12c9fa452"
@@ -12555,6 +12556,11 @@ uncss@^0.17.2:
     postcss-selector-parser "6.0.2"
     request "^2.88.0"
 
+undici-types@~5.26.4:
+  version "5.26.5"
+  resolved "https://registry.yarnpkg.com/undici-types/-/undici-types-5.26.5.tgz#bcd539893d00b56e964fd2657a4866b221a65617"
+  integrity sha512-JlCMO+ehdEIKqlFxk6IfVoAUVmgz7cU7zD/h9XZ0qzeosSHmUJVOzSQvvYSYWXkFXC+IfLKSIffhv0sVZup6pA==
+
 unicode-canonical-property-names-ecmascript@^2.0.0:
   version "2.0.0"
   resolved "https://registry.yarnpkg.com/unicode-canonical-property-names-ecmascript/-/unicode-canonical-property-names-ecmascript-2.0.0.tgz#301acdc525631670d39f6146e0e77ff6bbdebddc"