A multi-mode envelope tracking (ET) target voltage circuit is provided. In an ET amplifier apparatus, an amplifier circuit is configured to amplify a radio frequency (RF) signal based on a time-variant ET voltage, which is generated based on a time-variant ET target voltage configured to track a time-variant power envelope of the RF signal. Notably, when the ET amplifier apparatus operates in a fifth-generation (5G) standalone (SA) or non-standalone (NSA) mode, the amplifier circuit may experience interference creating a reverse intermodulation product (rIMD) that can degrade efficiency and performance of the amplifier circuit. In examples discussed herein, the multi-mode ET target voltage circuit is configured to generate the ET target voltage based on a reduced slew rate to help suppress the rIMD at the amplifier circuit, thus making it possible to improve efficiency and performance of the ET amplifier apparatus in the SA and the NSA modes.