In the game, the orange orb shows up on the map and if you get too close it turns red and starts to stalk you, if the pumpkin in Target turned red I would leave expeditiously 😅
They're effectively roaming bosses that you have to avoid. Navigating around them while your party's weakened or you're in a new area with an unknown layout and you don't know their paths is scary!
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F! O! E!
Or is it following you. . . .
But I do enjoy finding out about the silly stuff. And cats will tell you--squash of any type are scary.
Here's a helpful guide to FOEs