Oppenheimer analysts Colin Rusch and Jason Helfstein weighed in today on electric motoring giant Tesla Motors Inc (NASDAQ:TSLA) and social media giant Facebook Inc (NASDAQ:FB), respectively. Rusch is bullish on Tesla following marketing meeting with Tesla’s IR, while Helfstein maintains optimism on Facebook on the back of Instagram’s outlook.

Tesla Motors Inc

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on shares of Tesla Motors, with a price target of $340, after spending a day with TSLA’s IR. According to Rusch, “IR pointed to Model X production currently at “several hundred per week,” which puts them on solid footing to reach 1000 Model X’s per week by the end of 2Q:16″.  With FY16 guidance at 80-90K vehicle shipments in 2016, the analyst believes Model X production velocity at such levels by midyear is critical to hitting FY guidance.

Rusch noted, “As the company approaches the unveiling of the Model 3 two weeks from now, it is clearly progressing toward reaching production numbers of 1000 Model X’s/week and generating positive cash flow for the year. We believe those two operating metrics are critical benchmarks for the company as they progress toward sustainable growth. We remain bullish on shares given the recent update.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Colin Rusch has a total average return of 12.8% and a 49% success rate. Rusch has a 112% average return when recommending TSLA, and is ranked #208 out of 3717 analysts.

Out of the 23 analysts polled by TipRanks, 10 rate Tesla stock a Buy, 6 rate the stock a Hold and 7 recommend to Sell. With a return potential of 17%, the stock’s consensus target price stands at $257.53.

Facebook Inc

In addition, Oppenheimer’s Jason Helfstein reiterated an Outperform rating on shares of Facebook, with a price target of $130, in a research report issued today. The report follows Helfstein’s publication of initial revenue estimates for Instagram following the first full quarter of global advertising in 4Q:15.

Helfstein noted, “According to our marketing agency checks, more advertisers are launching ad campaigns on IG, while existing advertisers are increasing their budgets. We estimate IG represented 1.4% of FB’s mobile ad revenue in 2015, and will conservatively increase to 13% in 2018. This implies IG will reach $6.2B in revenue in ’18E, up from $981M in ’16E. Core FB revenues expected to grow 40% in ’16E vs. 47% in ’15E (ex. FX). Last, beta launch of 60-second video ads should help shift of TV ad dollars online.”

According to TipRanks.com, analyst Jason Helfstein has a total average return of 4.7% and a 48% success rate. Helfstein has a 44.7% average return when recommending FB, and is ranked #465 out of 3717 analysts.

Out of the 47 analysts polled by TipRanks, 42 rate Facebook stock a Buy, 4 rate the stock a Hold and 1 recommends a Sell. With a return potential of 16%, the stock’s consensus target price stands at $129.50.