diff --git a/packages/core/core/src/requests/TargetRequest.js b/packages/core/core/src/requests/TargetRequest.js
index f456e75c7..ece93ebf6 100644
--- a/packages/core/core/src/requests/TargetRequest.js
+++ b/packages/core/core/src/requests/TargetRequest.js
@@ -279,7 +279,7 @@ export class TargetResolver {
       }
 
       let serve = this.options.serveOptions;
-      if (serve) {
+      if (serve && targets.length > 0) {
         // In serve mode, we only support a single browser target. If the user
         // provided more than one, or the matching target is not a browser, throw.
         if (targets.length > 1) {
diff --git a/packages/core/integration-tests/test/monorepos.js b/packages/core/integration-tests/test/monorepos.js
index a62670acb..b1b40bf89 100644
--- a/packages/core/integration-tests/test/monorepos.js
+++ b/packages/core/integration-tests/test/monorepos.js
@@ -142,6 +142,28 @@ describe('monorepos', function() {
     }
   });
 
+  it('should compile packages with target source overrides and --target option in serve mode', async function() {
+    let fixture = path.join(__dirname, '/integration/target-source');
+    let oldcwd = inputFS.cwd();
+    inputFS.chdir(fixture);
+
+    try {
+      let b = await bundle(path.join(fixture, 'packages/package-b'), {
+        targets: ['alternate'],
+        serveOptions: {port: 1234},
+      });
+
+      assertBundles(b, [
+        {
+          name: 'indexAlternate.js',
+          assets: ['bar.js', 'esmodule-helpers.js', 'indexAlternate.js'],
+        },
+      ]);
+    } finally {
+      inputFS.chdir(oldcwd);
+    }
+  });
+
   it('should build using root targets with entry files inside packages and cwd at project root', async function() {
     let fixture = path.join(__dirname, '/integration/monorepo');
     let oldcwd = inputFS.cwd();
diff --git a/yarn.lock b/yarn.lock
index d4a41e2a8..fc1de4097 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3516,9 +3516,9 @@ caniuse-api@^3.0.0:
     lodash.uniq "^4.5.0"
 
 caniuse-lite@^1.0.0, caniuse-lite@^1.0.30001219:
-  version "1.0.30001228"
-  resolved "https://registry.yarnpkg.com/caniuse-lite/-/caniuse-lite-1.0.30001228.tgz#bfdc5942cd3326fa51ee0b42fbef4da9d492a7fa"
-  integrity sha512-QQmLOGJ3DEgokHbMSA8cj2a+geXqmnpyOFT0lhQV6P3/YOJvGDEwoedcwxEQ30gJIwIIunHIicunJ2rzK5gB2A==
+  version "1.0.30001271"
+  resolved "https://registry.yarnpkg.com/caniuse-lite/-/caniuse-lite-1.0.30001271.tgz#0dda0c9bcae2cf5407cd34cac304186616cc83e8"
+  integrity sha512-BBruZFWmt3HFdVPS8kceTBIguKxu4f99n5JNp06OlPD/luoAMIaIK5ieV5YjnBLH3Nysai9sxj9rpJj4ZisXOA==
 
 caseless@~0.12.0:
   version "0.12.0"
@@ -8658,15 +8658,7 @@ micromatch@^3.0.4, micromatch@^3.1.10, micromatch@^3.1.4:
     snapdragon "^0.8.1"
     to-regex "^3.0.2"
 
-micromatch@^4.0.2:
-  version "4.0.2"
-  resolved "https://registry.yarnpkg.com/micromatch/-/micromatch-4.0.2.tgz#4fcb0999bf9fbc2fcbdd212f6d629b9a56c39259"
-  integrity sha512-y7FpHSbMUMoyPbYUSzO6PaZ6FyRnQOpHuKwbo1G+Knck95XVU4QAiKdGEnj5wwoS7PlOgthX/09u5iFJ+aYf5Q==
-  dependencies:
-    braces "^3.0.1"
-    picomatch "^2.0.5"
-
-micromatch@^4.0.4:
+micromatch@^4.0.2, micromatch@^4.0.4:
   version "4.0.4"
   resolved "https://registry.yarnpkg.com/micromatch/-/micromatch-4.0.4.tgz#896d519dfe9db25fce94ceb7a500919bf881ebf9"
   integrity sha512-pRmzw/XUcwXGpD9aI9q/0XOwLNygjETJ8y0ao0wdqprrzDa4YnxLcz7fQRZr8voh8V10kGhABbNcHVk5wHgWwg==
@@ -9080,7 +9072,7 @@ node-addon-api@^3.2.1:
   resolved "https://registry.yarnpkg.com/node-addon-api/-/node-addon-api-3.2.1.tgz#81325e0a2117789c0128dab65e7e38f07ceba161"
   integrity sha512-mmcei9JghVNDYydghQmeDX8KoAm0FAiYyIcUt/N4nhyAipB17pllZQDOJD2fotxABnt4Mdz+dKTO7eftLg4d0A==
 
-node-addon-api@^4.1.0:
+node-addon-api@^4.2.0:
   version "4.2.0"
   resolved "https://registry.yarnpkg.com/node-addon-api/-/node-addon-api-4.2.0.tgz#117cbb5a959dff0992e1c586ae0393573e4d2a87"
   integrity sha512-eazsqzwG2lskuzBqCGPi7Ac2UgOoMz8JVOXVhTvvPDYhthvNpefx8jWD8Np7Gv+2Sz0FlPWZk0nJV0z598Wn8Q==
@@ -9114,12 +9106,7 @@ node-forge@^0.10.0:
   resolved "https://registry.yarnpkg.com/node-forge/-/node-forge-0.10.0.tgz#32dea2afb3e9926f02ee5ce8794902691a676bf3"
   integrity sha512-PPmu8eEeG9saEUvI97fm4OYxXVB6bFvyNTyiUOBichBpFG8A1Ljw3bY62+5oOjDEMHRnd0Y7HQ+x7uzxOzC6JA==
 
-node-gyp-build@^4.2.3:
-  version "4.2.3"
-  resolved "https://registry.yarnpkg.com/node-gyp-build/-/node-gyp-build-4.2.3.tgz#ce6277f853835f718829efb47db20f3e4d9c4739"
-  integrity sha512-MN6ZpzmfNCRM+3t57PTJHgHyw/h4OWnZ6mR8P5j/uZtqQr46RRuDE/P+g3n0YR/AiYXeWixZZzaip77gdICfRg==
-
-node-gyp-build@^4.3.0:
+node-gyp-build@^4.2.3, node-gyp-build@^4.3.0:
   version "4.3.0"
   resolved "https://registry.yarnpkg.com/node-gyp-build/-/node-gyp-build-4.3.0.tgz#9f256b03e5826150be39c764bf51e993946d71a3"
   integrity sha512-iWjXZvmboq0ja1pUGULQBexmxq8CV4xBhX7VDOTbL7ZR4FOowwY/VOtRxBN/yKxmdGoIp4j5ysNT4u3S2pDQ3Q==
@@ -9944,12 +9931,7 @@ performance-now@^2.1.0:
   resolved "https://registry.yarnpkg.com/performance-now/-/performance-now-2.1.0.tgz#6309f4e0e5fa913ec1c69307ae364b4b377c9e7b"
   integrity sha1-Ywn04OX6kT7BxpMHrjZLSzd8nns=
 
-picomatch@^2.0.4, picomatch@^2.0.5, picomatch@^2.2.1:
-  version "2.2.2"
-  resolved "https://registry.yarnpkg.com/picomatch/-/picomatch-2.2.2.tgz#21f333e9b6b8eaff02468f5146ea406d345f4dad"
-  integrity sha512-q0M/9eZHzmr0AulXyPwNfZjtwZ/RBZlbN3K3CErVrk50T2ASYI7Bye0EvekFY3IP1Nt2DHu0re+V2ZHIpMkuWg==
-
-picomatch@^2.2.3:
+picomatch@^2.0.4, picomatch@^2.0.5, picomatch@^2.2.1, picomatch@^2.2.3:
   version "2.3.0"
   resolved "https://registry.yarnpkg.com/picomatch/-/picomatch-2.3.0.tgz#f1f061de8f6a4bf022892e2d128234fb98302972"
   integrity sha512-lY1Q/PiJGC2zOv/z391WOTD+Z02bCgsFfvxoXXf6h7kv9o+WmsmzYqrAwY63sNgOxE4xEdq0WyUnXfKeBrSvYw==
@@ -11706,13 +11688,13 @@ shallow-copy@0.0.1:
   integrity sha1-QV9CcC1z2BAzApLMXuhurhoRoXA=
 
 sharp@^0.29.1:
-  version "0.29.1"
-  resolved "https://registry.yarnpkg.com/sharp/-/sharp-0.29.1.tgz#f60b50f24f399464a24187c86bd2da41aae50b85"
-  integrity sha512-DpgdAny9TuS+oWCQ7MRS8XyY9x6q1+yW3a5wNx0J3HrGuB/Jot/8WcT+lElHY9iJu2pwtegSGxqMaqFiMhs4rQ==
+  version "0.29.2"
+  resolved "https://registry.yarnpkg.com/sharp/-/sharp-0.29.2.tgz#e8c003cd9cb321585b32dbda6eed3baa7d6f2308"
+  integrity sha512-XWRdiYLIJ3tDUejRyG24KERnJzMfIoyiJBntd2S6/uj3NEeNgRFRLgiBlvPxMa8aml14dKKD98yHinSNKp1xzQ==
   dependencies:
     color "^4.0.1"
     detect-libc "^1.0.3"
-    node-addon-api "^4.1.0"
+    node-addon-api "^4.2.0"
     prebuild-install "^6.1.4"
     semver "^7.3.5"
     simple-get "^3.1.0"