diff --git a/CHANGELOG.md b/CHANGELOG.md
index d443de044..3fc1c64ef 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## v1.86.1 (2024-08-29)
+
+### Bug Fixes and Other Changes
+
+ * Use observable targets for targetless results
+
 ## v1.86.0 (2024-08-26)
 
 ### Features
diff --git a/src/braket/_sdk/_version.py b/src/braket/_sdk/_version.py
index 518841c5e..025231973 100644
--- a/src/braket/_sdk/_version.py
+++ b/src/braket/_sdk/_version.py
@@ -15,4 +15,4 @@
 Version number (major.minor.patch[-label])
 """
 
-__version__ = "1.86.1.dev0"
+__version__ = "1.86.1"