diff --git a/Makefile.pre.in b/Makefile.pre.in
index a178dd0a65c..f3c70b99c9e 100644
--- a/Makefile.pre.in
+++ b/Makefile.pre.in
@@ -580,8 +580,8 @@ LIBEXPAT_HEADERS= \
 
 # Default target
 all:		@DEF_MAKE_ALL_RULE@
-build_all:	check-clean-src $(BUILDPYTHON) oldsharedmods sharedmods gdbhooks \
-		Programs/_testembed python-config
+build_all:	check-clean-src $(BUILDPYTHON) platform oldsharedmods sharedmods \
+		gdbhooks Programs/_testembed python-config
 build_wasm: check-clean-src $(BUILDPYTHON) platform oldsharedmods python-config
 
 # Check that the source is clean when building out of source.
@@ -1663,7 +1663,7 @@ cleantest: all
 
 # Run a basic set of regression tests.
 # This excludes some tests that are particularly resource-intensive.
-test:		@DEF_MAKE_RULE@ platform
+test: all
 		$(TESTRUNNER) $(TESTOPTS)
 
 # Run the full test suite twice - once without .pyc files, and once with.
@@ -1673,7 +1673,7 @@ test:		@DEF_MAKE_RULE@ platform
 # the bytecode read from a .pyc file had the bug, sometimes the directly
 # generated bytecode.  This is sometimes a very shy bug needing a lot of
 # sample data.
-testall:	@DEF_MAKE_RULE@ platform
+testall: all
 		-find $(srcdir)/Lib -name '*.py[co]' -print | xargs rm -f
 		$(TESTPYTHON) -E $(srcdir)/Lib/compileall.py
 		-find $(srcdir)/Lib -name '*.py[co]' -print | xargs rm -f
@@ -1682,7 +1682,7 @@ testall:	@DEF_MAKE_RULE@ platform
 
 # Run the test suite for both architectures in a Universal build on OSX.
 # Must be run on an Intel box.
-testuniversal:	@DEF_MAKE_RULE@ platform
+testuniversal: all
 		@if [ `arch` != 'i386' ]; then \
 			echo "This can only be used on OSX/i386" ;\
 			exit 1 ;\
@@ -1693,7 +1693,7 @@ testuniversal:	@DEF_MAKE_RULE@ platform
 
 # Like testall, but with only one pass and without multiple processes.
 # Run an optional script to include information about the build environment.
-buildbottest:	all platform
+buildbottest: all
 		-@if which pybuildbot.identify >/dev/null 2>&1; then \
 			pybuildbot.identify "CC='$(CC)'" "CXX='$(CXX)'"; \
 		fi
@@ -1708,7 +1708,7 @@ QUICKTESTOPTS=	$(TESTOPTS) -x test_subprocess test_io test_lib2to3 \
 		test_multiprocessing_forkserver \
 		test_mailbox test_nntplib test_socket test_poll \
 		test_select test_zipfile test_concurrent_futures
-quicktest:	@DEF_MAKE_RULE@ platform
+quicktest: all
 		$(TESTRUNNER) $(QUICKTESTOPTS)
 
 # SSL tests
@@ -1719,6 +1719,10 @@ multisslcompile: all
 multissltest: all
 	$(RUNSHARED) ./$(BUILDPYTHON) $(srcdir)/Tools/ssl/multissltests.py
 
+# All install targets use the "all" target as synchronization point to
+# prevent race conditions with PGO builds. PGO builds use recursive make,
+# which can lead to two parallel `./python setup.py build` processes that
+# step on each others toes.
 install: @FRAMEWORKINSTALLFIRST@ commoninstall bininstall maninstall @FRAMEWORKINSTALLLAST@
 	if test "x$(ENSUREPIP)" != "xno"  ; then \
 		case $(ENSUREPIP) in \
@@ -1747,7 +1751,7 @@ commoninstall:  check-clean-src @FRAMEWORKALTINSTALLFIRST@ \
 # Install shared libraries enabled by Setup
 DESTDIRS=	$(exec_prefix) $(LIBDIR) $(BINLIBDEST) $(DESTSHARED)
 
-oldsharedinstall: $(DESTSHARED) $(SHAREDMODS)
+oldsharedinstall: $(DESTSHARED) all
 		@for i in X $(SHAREDMODS); do \
 		  if test $$i != X; then \
 		    echo $(INSTALL_SHARED) $$i $(DESTSHARED)/`basename $$i`; \
@@ -2153,7 +2157,7 @@ LIBPL=		@LIBPL@
 # pkgconfig directory
 LIBPC=		$(LIBDIR)/pkgconfig
 
-libainstall:	@DEF_MAKE_RULE@ python-config
+libainstall: all python-config
 	@for i in $(LIBDIR) $(LIBPL) $(LIBPC) $(BINDIR); \
 	do \
 		if test ! -d $(DESTDIR)$$i; then \
@@ -2207,7 +2211,7 @@ libainstall:	@DEF_MAKE_RULE@ python-config
 
 # Install the dynamically loadable modules
 # This goes into $(exec_prefix)
-sharedinstall: sharedmods
+sharedinstall: all
 	$(RUNSHARED) $(PYTHON_FOR_BUILD) $(srcdir)/setup.py install \
 	   	--prefix=$(prefix) \
 		--install-scripts=$(BINDIR) \
@@ -2437,7 +2441,7 @@ distclean: clobber
 				     -exec rm -f {} ';'
 
 # Check that all symbols exported by libpython start with "Py" or "_Py"
-smelly: @DEF_MAKE_RULE@
+smelly: all
 	$(RUNSHARED) ./$(BUILDPYTHON) $(srcdir)/Tools/scripts/smelly.py
 
 # Find files with funny names
@@ -2472,7 +2476,7 @@ funny:
 		-o -print
 
 # Perform some verification checks on any modified files.
-patchcheck: @DEF_MAKE_RULE@
+patchcheck: all
 	$(RUNSHARED) ./$(BUILDPYTHON) $(srcdir)/Tools/scripts/patchcheck.py
 
 check-limited-abi: all
diff --git a/Misc/NEWS.d/next/Build/2022-06-08-14-28-03.gh-issue-93584.0xfHOK.rst b/Misc/NEWS.d/next/Build/2022-06-08-14-28-03.gh-issue-93584.0xfHOK.rst
new file mode 100644
index 00000000000..07ca5fad592
--- /dev/null
+++ b/Misc/NEWS.d/next/Build/2022-06-08-14-28-03.gh-issue-93584.0xfHOK.rst
@@ -0,0 +1,2 @@
+Address race condition in ``Makefile`` when installing a PGO build. All
+``test`` and ``install`` targets now depend on ``all`` target.