diff --git a/template/package.json b/template/package.json
index b44f30b9f9ab0a..2c671f993fc07e 100644
--- a/template/package.json
+++ b/template/package.json
@@ -17,9 +17,9 @@
     "@babel/core": "^7.12.9",
     "@babel/runtime": "^7.12.5",
     "@react-native-community/eslint-config": "^3.0.0",
-    "babel-jest": "^26.6.3",
+    "babel-jest": "^27.0.0",
     "eslint": "^8.19.0",
-    "jest": "^26.6.3",
+    "jest": "^29.0.0",
     "metro-react-native-babel-preset": "0.72.3",
     "react-test-renderer": "18.2.0"
   },