diff --git a/guestfs-tools.spec b/guestfs-tools.spec
index fb7e54b..bd2b2a7 100644
--- a/guestfs-tools.spec
+++ b/guestfs-tools.spec
@@ -18,14 +18,14 @@
 %global patches_touch_autotools %{nil}
 
 # The source directory.
-%global source_directory 1.47-development
+%global source_directory 1.48-stable
 
 # Filter perl provides.
 %{?perl_default_filter}
 
 Summary:       Tools to access and modify virtual machine disk images
 Name:          guestfs-tools
-Version:       1.47.5
+Version:       1.48.0
 Release:       1%{?dist}
 License:       GPLv2+
 
@@ -414,6 +414,9 @@ end
 
 
 %changelog
+* Mon Mar 14 2022 Richard W.M. Jones <rjones@redhat.com> - 1.48.0-1
+- New upstream stable branch version 1.48.0
+
 * Tue Mar 08 2022 Richard W.M. Jones <rjones@redhat.com> - 1.47.5-1
 - New upstream development version 1.47.8
 - Add new guestfs-tools-release-notes-1.48(1) man page.
diff --git a/sources b/sources
index ff56ccf..ca504b8 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (guestfs-tools-1.47.5.tar.gz) = 61580f6c066e72601349f82661edc2acabc69f3ed816d9a6007a8e46a898dfae4c904de017f07d1939d4023534fcd9430b9b29c694cb6085686d7620df2965c5
-SHA512 (guestfs-tools-1.47.5.tar.gz.sig) = ea30d3e87a060cb155cbdc5ad30fbc4bce3635a01aa16923ea1ac2d6fff337d654fd30cccd3b9ef57d1a65dad50207837518c0d7282c1fddcb95018fedd8cb61
+SHA512 (guestfs-tools-1.48.0.tar.gz) = 8576ef0e283a02a112f785e8f1656b41c93be29e12617ee8c83033b90758736ea3c2d4ecfb446a86c7913e2c0b39a7c5666e8ad22682419cc877543a3825c489
+SHA512 (guestfs-tools-1.48.0.tar.gz.sig) = dd59c590163e13e30425c4f26eddef51596be757b85d9e09c2406a7697a369e23b54dce075005f31c067aea91598ff1f8c887332be691ba23d25ee2e86b93814