JMP Securities analyst Nicholas Jones raised the firm’s price target on Booking Holdings (BKNG) to $5,400 from $5,000 and keeps an Outperform rating on the shares. Booking delivered solid Q3 results, beating consensus estimates for both revenue and adjusted EBITDA, and management raised full-year guidance, which came in above expectations amid normalizing travel trends, the analyst tells investors in a research note. The firm was encouraged by management’s commentary suggesting resilient travel demand, with expectations that it will see healthy room nights growth going forward, and is impressed by the resiliency of Booking’s business and its ability to continue delivering against its strategic initiatives.