Budget-limited target CPA/ROAS campaigns are affected first
These are the campaigns that would spend more if the budget allowed it.
Google's Bidding Target Optimization lands August 17, auto-adjusting budget-limited campaigns toward their targets. Here's what to check first.
Quick heads up if you're running target CPA or target ROAS campaigns for a client or for yourself.

Budget-limited target CPA/ROAS campaigns are affected first
These are the campaigns that would spend more if the budget allowed it.
The system enforces your target, good or stale
If your numbers haven't been touched in a quarter or two, the algorithm now works harder toward the wrong goal.
Review takes five minutes
Check your targets before August 17, and watch performance closely in the week after.
Starting that day, Bidding Target Optimization will pull budget-limited campaigns automatically back toward whatever target is currently set. Not toward what the target should be. Toward whatever number is actually sitting in the account right now.
Anyone running target CPA or target ROAS campaigns, especially the ones that have been budget-constrained, meaning they'd happily spend more if the budget allowed it. Those are exactly the campaigns this update reaches into first.

Here's the part worth saying loudly: this update has no idea whether your target is a good one. It just enforces whatever's there. So if your CPA or ROAS number is something that got set two or three quarters ago and hasn't been touched since, the algorithm is about to start actively working toward a stale goal instead of a current one, with more force than it used to.

None of this is complicated, and none of it takes long. It's a five-minute review now against a scramble later, when a client asks why CPA crept up and nobody quite remembers why the target was set where it was in the first place.
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