diff --git a/build/SharedFx.targets b/build/SharedFx.targets
index 918aa988d1..93186c5004 100644
--- a/build/SharedFx.targets
+++ b/build/SharedFx.targets
@@ -70,7 +70,7 @@
     <RepoTasks.AddMetapackageReferences
       ReferencePackagePath="$(MetapackageWorkDirectory)$(MetapackageName).csproj"
       MetapackageReferenceType="$(MetapackageReferenceType)"
-      LockToExactVersions="$(LockToExactVersions)"
+      DependencyVersionRangeType="$(MetapackageDependencyVersionRangeType)"
       BuildArtifacts="@(ArtifactInfo)"
       PackageArtifacts="@(PackageArtifact)"
       ExternalDependencies="@(ExternalDependency)" />
@@ -87,7 +87,7 @@
         <AdditionalProperties>
           MetapackageName=Microsoft.AspNetCore.App;
           MetapackageReferenceType=AppMetapackage;
-          LockToExactVersions=true
+          MetapackageDependencyVersionRangeType=MajorMinor
         </AdditionalProperties>
       </_MetapackageBuilderProject>
 
@@ -95,7 +95,7 @@
         <AdditionalProperties>
           MetapackageName=Microsoft.AspNetCore.All;
           MetapackageReferenceType=AllMetapackage;
-          LockToExactVersions=false
+          MetapackageDependencyVersionRangeType=Minimum
         </AdditionalProperties>
       </_MetapackageBuilderProject>
 
@@ -103,7 +103,7 @@
         <AdditionalProperties>
           MetapackageName=Microsoft.AspNetCore.Analyzers;
           MetapackageReferenceType=Analyzer;
-          LockToExactVersions=true
+          MetapackageDependencyVersionRangeType=Minimum
         </AdditionalProperties>
       </_MetapackageBuilderProject>
     </ItemGroup>
diff --git a/build/tasks/AddMetapackageReferences.cs b/build/tasks/AddMetapackageReferences.cs
index a3e5f78186..4f799b19c1 100644
--- a/build/tasks/AddMetapackageReferences.cs
+++ b/build/tasks/AddMetapackageReferences.cs
@@ -6,6 +6,7 @@ using System.Linq;
 using System.Xml;
 using Microsoft.Build.Framework;
 using Microsoft.Build.Utilities;
+using NuGet.Versioning;
 using RepoTasks.Utilities;
 
 namespace RepoTasks
@@ -19,7 +20,14 @@ namespace RepoTasks
         public string MetapackageReferenceType { get; set; }
 
         [Required]
-        public bool LockToExactVersions { get; set; }
+        public string DependencyVersionRangeType { get; set; }
+
+        // MSBuild doesn't allow binding to enums directly.
+        private enum VersionRangeType
+        {
+            Minimum, // [1.1.1, )
+            MajorMinor, // [1.1.1, 1.2.0)
+        }
 
         [Required]
         public ITaskItem[] BuildArtifacts { get; set; }
@@ -32,6 +40,12 @@ namespace RepoTasks
 
         public override bool Execute()
         {
+            if (!Enum.TryParse<VersionRangeType>(DependencyVersionRangeType, out var dependencyVersionType))
+            {
+                Log.LogError("Unexpected value {0} for DependencyVersionRangeType", DependencyVersionRangeType);
+                return false;
+            }
+
             // Parse input
             var metapackageArtifacts = PackageArtifacts.Where(p => p.GetMetadata(MetapackageReferenceType) == "true");
             var externalArtifacts = ExternalDependencies.Where(p => p.GetMetadata(MetapackageReferenceType) == "true");
@@ -65,8 +79,13 @@ namespace RepoTasks
                     throw;
                 }
 
-                var packageVersionValue = LockToExactVersions ? $"[{packageVersion}]" : packageVersion;
+                if (string.IsNullOrEmpty(packageVersion))
+                {
+                    Log.LogError("Missing version information for package {0}", packageName);
+                    continue;
+                }
 
+                var packageVersionValue = GetDependencyVersion(dependencyVersionType, packageName, packageVersion);
                 Log.LogMessage(MessageImportance.High, $" - Package: {packageName} Version: {packageVersionValue}");
 
                 var packageReferenceElement = xmlDoc.CreateElement("PackageReference");
@@ -81,7 +100,14 @@ namespace RepoTasks
             {
                 var packageName = package.ItemSpec;
                 var packageVersion = package.GetMetadata("Version");
-                var packageVersionValue = LockToExactVersions ? $"[{packageVersion}]" : packageVersion;
+
+                if (string.IsNullOrEmpty(packageVersion))
+                {
+                    Log.LogError("Missing version information for package {0}", packageName);
+                    continue;
+                }
+
+                var packageVersionValue = GetDependencyVersion(dependencyVersionType, packageName, packageVersion);
 
                 Log.LogMessage(MessageImportance.High, $" - Package: {packageName} Version: {packageVersionValue}");
 
@@ -99,7 +125,25 @@ namespace RepoTasks
             xmlDoc.AppendChild(projectElement);
             xmlDoc.Save(ReferencePackagePath);
 
-            return true;
+            return !Log.HasLoggedErrors;
+        }
+
+        private string GetDependencyVersion(VersionRangeType dependencyVersionType, string packageName, string packageVersion)
+        {
+            switch (dependencyVersionType)
+            {
+                case VersionRangeType.MajorMinor:
+                    if (!NuGetVersion.TryParse(packageVersion, out var nugetVersion))
+                    {
+                        Log.LogError("Invalid NuGet version '{0}' for package {1}", packageVersion, packageName);
+                        return null;
+                    }
+                    return $"[{packageVersion}, {nugetVersion.Major}.{nugetVersion.Minor + 1}.0)";
+                case VersionRangeType.Minimum:
+                    return packageVersion;
+                default:
+                    throw new NotImplementedException();
+            }
         }
     }
 }