Needham analysts on Monday said they expect TSMC to raise its 2024 revenue growth target, reiterating a "buy" rating and raising the price target to $210 from $168 on the chip giant's U.S.-listed shares. "We expect TSMC to raise its 2024 revenue growth outlook from 'low- to mid-20s' to 'mid- to high-20s' but maintain its 2024 [capital expenditures] target at $30 billion on the upcoming earnings call," Needham said in a note. TSMC held 62% of global foundry market share in the first quarter, up from 59% in the same period a year ago, according to Counterpoint Research data.