diff --git a/package-lock.json b/package-lock.json
index 58a4b216f4..0d700e17e6 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@rudderstack/analytics-js-monorepo",
-  "version": "3.3.0",
+  "version": "3.4.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@rudderstack/analytics-js-monorepo",
-      "version": "3.3.0",
+      "version": "3.4.0",
       "hasInstallScript": true,
       "license": "MIT",
       "workspaces": [
@@ -23887,7 +23887,7 @@
     },
     "packages/analytics-v1.1": {
       "name": "rudder-sdk-js",
-      "version": "2.48.5",
+      "version": "2.48.6",
       "license": "MIT",
       "dependencies": {
         "@segment/localstorage-retry": "1.3.0",
@@ -23908,7 +23908,7 @@
     },
     "packages/sanity-suite": {
       "name": "@rudderstack/analytics-js-sanity-suite",
-      "version": "3.0.3",
+      "version": "3.0.4",
       "license": "MIT",
       "dependencies": {
         "@rudderstack/analytics-js": "*",
diff --git a/package.json b/package.json
index 2e8c10f74e..696ba2703e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rudderstack/analytics-js-monorepo",
-  "version": "3.3.0",
+  "version": "3.4.0",
   "private": true,
   "description": "Monorepo for RudderStack Analytics JS SDK",
   "workspaces": [
diff --git a/packages/analytics-v1.1/CHANGELOG_LATEST.md b/packages/analytics-v1.1/CHANGELOG_LATEST.md
index fc27e04047..949b93af20 100644
--- a/packages/analytics-v1.1/CHANGELOG_LATEST.md
+++ b/packages/analytics-v1.1/CHANGELOG_LATEST.md
@@ -1,10 +1,7 @@
-## [2.48.5](https://github.com/rudderlabs/rudder-sdk-js/compare/rudder-sdk-js@2.48.4...rudder-sdk-js@2.48.5) (2024-03-22)
+## [2.48.6](https://github.com/rudderlabs/rudder-sdk-js/compare/rudder-sdk-js@2.48.5...rudder-sdk-js@2.48.6) (2024-03-26)
 
-### Dependency Updates
-
-* `@rudderstack/analytics-js-common` updated to version `2.48.4`
 
 ### Bug Fixes
 
-* replace polyfillio with fastly ([#1664](https://github.com/rudderlabs/rudder-sdk-js/issues/1664)) ([24d3a0b](https://github.com/rudderlabs/rudder-sdk-js/commit/24d3a0b383f58b79fc1970d0c74761de30bb3f4a))
+* move analytics common pkg to dev dependencies ([#1674](https://github.com/rudderlabs/rudder-sdk-js/issues/1674)) ([18e0dfb](https://github.com/rudderlabs/rudder-sdk-js/commit/18e0dfbe43b1a6e9814840a5419b1fe00b8ccb1d))
 
diff --git a/packages/analytics-v1.1/project.json b/packages/analytics-v1.1/project.json
index 86115d5340..80394b68f1 100644
--- a/packages/analytics-v1.1/project.json
+++ b/packages/analytics-v1.1/project.json
@@ -109,9 +109,9 @@
     "github": {
       "executor": "@jscutlery/semver:github",
       "options": {
-        "tag": "rudder-sdk-js@2.48.5",
-        "title": "rudder-sdk-js@2.48.5",
-        "discussion-category": "rudder-sdk-js@2.48.5",
+        "tag": "rudder-sdk-js@2.48.6",
+        "title": "rudder-sdk-js@2.48.6",
+        "discussion-category": "rudder-sdk-js@2.48.6",
         "notesFile": "./packages/analytics-v1.1/CHANGELOG_LATEST.md"
       }
     }
diff --git a/sonar-project.properties b/sonar-project.properties
index 8acb4bd968..3637f91727 100644
--- a/sonar-project.properties
+++ b/sonar-project.properties
@@ -6,7 +6,7 @@ sonar.qualitygate.wait=false
 sonar.projectKey=rudderlabs_rudder-sdk-js
 sonar.organization=rudderlabs
 sonar.projectName=rudder-sdk-js
-sonar.projectVersion=3.3.0
+sonar.projectVersion=3.4.0
 
 # Meta-data for the project
 sonar.links.scm=https://github.com/rudderlabs/rudder-sdk-js