only need briefly answer

Airbnb, Inc. operates a platform for stays and experiences to guests worldwide and its primary industry classification is Hotels, Resorts and Cruise lines. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. Airbnb went IPO in December 2020, with its stocks listed on the Nasdaq exchange (NasdaqGS: ABNB). Its shares skyrocketed on their first day of trading, rising 113 percent above the IPO offering price of $68 to close at $144.71. The stock performance attracts the attention of your friend Jenny. According to Capital IQ, the company's EPS is forecatsted to grow at a rate of 35% in the next three to five years. It is 13 January 2021; and the latest statistics/forecasts shown below are sourced from Capital IQ. Mean Median High/Low Std. Dev. No. of Est. i NasdaqGS:ABNB (USD) Target Price CLT Growth Price Volatility 28.45 151.00 200.00/60.00 35.00% 35.00%/35.00% 25/25 1/1 i 0.00 i 151.16 35.00% High (4.71) Outperform (2.00) Ind. i Recommendation Jenny wanted to buy Airbnb stock and her transaction is motivated by the following two statements. Statement 1. Given that Airbnb's predicted EPS growth rate (35%) is much stronger than its competitors and the industry average, the current stock price of Airbnb is still undervalued. Statement 2. With an economic recovery already under way, the anticipated strong market rebound will lead to further price increases for cyclical stocks like Airbnb. Required: Do you agree with Jenny? Comment on her two statements. [Instruction: type your answer in the space provided; word limit: 150]