diff --git a/pyproject.toml b/pyproject.toml
index 0576d1f1..3e8d321b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -66,7 +66,7 @@ exclude = [
 # pydantic = {version = "2.0.2"}
 # compatible with Core ZenML
 python = ">=3.8,<3.12"
-pydantic = { version = "<1.11,>=1.9.0" }
+pydantic = { version = "~2.7" }
 pyyaml = { version = ">=6.0.1" }
 click = { version = "^8.0.1,<8.1.4" }
 python-terraform = { version = "^0.10.1" }
diff --git a/src/mlstacks/models/component.py b/src/mlstacks/models/component.py
index 31a1db4a..df64c100 100644
--- a/src/mlstacks/models/component.py
+++ b/src/mlstacks/models/component.py
@@ -14,7 +14,7 @@
 
 from typing import Dict, Optional
 
-from pydantic import BaseModel, validator
+from pydantic import field_validator, BaseModel
 
 from mlstacks.constants import INVALID_NAME_ERROR_MESSAGE
 from mlstacks.enums import (
@@ -57,7 +57,8 @@ class Component(BaseModel):
     provider: ProviderEnum
     metadata: Optional[ComponentMetadata] = None
 
-    @validator("name")
+    @field_validator("name")
+    @classmethod
     def validate_name(cls, name: str) -> str:  # noqa: N805
         """Validate the name.
 
diff --git a/src/mlstacks/models/stack.py b/src/mlstacks/models/stack.py
index 1afebce5..8334b671 100644
--- a/src/mlstacks/models/stack.py
+++ b/src/mlstacks/models/stack.py
@@ -13,7 +13,7 @@
 """Stack model."""
 from typing import Dict, List, Optional
 
-from pydantic import BaseModel, validator
+from pydantic import field_validator, BaseModel
 
 from mlstacks.constants import INVALID_NAME_ERROR_MESSAGE
 from mlstacks.enums import (
@@ -42,14 +42,15 @@ class Stack(BaseModel):
     spec_type: str = "stack"
     name: str
     provider: ProviderEnum
-    default_region: Optional[str]
+    default_region: Optional[str] = None
     default_tags: Optional[Dict[str, str]] = None
     deployment_method: Optional[
         DeploymentMethodEnum
     ] = DeploymentMethodEnum.KUBERNETES
     components: List[Component] = []
 
-    @validator("name")
+    @field_validator("name")
+    @classmethod
     def validate_name(cls, name: str) -> str:  # noqa: N805
         """Validate the name.