Telecommunications giant Verizon (VZ) - Get Verizon Communications Inc. Report could see its stock reach $51, but going above that could prove challenging, BTIG Research analyst Walter Piecyk said in a note today, Barron's says.

"The set-up for Verizon's stock is very tempting to take a shot on the long side," Piecyk said. The analyst argues that there is nothing specifically negative dogging the company at the moment.

He added that a potential merger between Verizon rivals T-Mobile US (TMUS) - Get T-Mobile US, Inc. Report and Sprint (S) - Get SENTINELONE, INC. Report could be a positive for the company as it will add more stability to the wireless industry.

TheStreet Recommends

Shares of Verizon were rising by 1.68% to $46.08 on Tuesday morning.

Comcast (CMCSA) - Get Comcast Corporation Class A Report , Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report and Alphabet (GOOGL) - Get Alphabet Inc. Class A Report are just some of the tech names in Jim Cramer's Action Alerts PLUS portfolio. Get his insights on the biggest names in tech here.

Trending stories on TheStreet: