In a scenario where a Cisco partner is utilizing the Cisco Partner Portal to manage their customer renewals, they encounter a situation where they need to analyze their renewal performance metrics over the last quarter. They have access to various reports that provide insights into their renewal rates, customer engagement levels, and overall sales performance. If the partner\'s renewal rate is calculated as the number of renewals divided by the total number of eligible contracts, and they have 150 renewals out of 200 eligible contracts, what is their renewal rate percentage? Additionally, if they want to improve this rate by 10% in the next quarter, what would be their target number of renewals, assuming the number of eligible contracts remains the same?