5 Best Performing Blue Chip Stocks to Buy

4. Coherent Corp. (NYSE:COHR)

6-Month Performance: 124.94%

Coherent Corp. (NYSE:COHR) is one of the best-performing blue chip stocks to buy. On March 18, Stifel increased its price target on Coherent Corp. (NYSE:COHR) from $235 to $275 and maintained its Buy rating on the stock.

The research firm said that Coherent Corp.’s (NYSE:COHR) recent Technology Innovation Briefing at OFC 2026 strengthened confidence in the company’s position. This event came two weeks after NVIDIA Corporation (NASDAQ:NVDA) made a $2 billion strategic investment and committed to multi-billion dollar purchases. According to Stifel, Coherent Corp. (NYSE:COHR) is well-positioned as a broad vertically integrated photonic platform, benefiting from increased spending driven by the growth of AI data centers.

Earlier, on March 4, Coherent Corp. (NYSE:COHR) announced the launch of its CHR1074 224Gbps quad-channel transimpedance amplifier (TIA). This product is designed to support next-generation 800G and 1.6T optical transceivers.

According to the report by Coherent Corp. (NYSE:COHR), the CHR1074 is built for high-performance AI and cloud infrastructure. It offers ultra-fast link recovery and intelligent power management, which helps improve efficiency and reduce latency in modern data centers.

Coherent Corp. (NYSE:COHR) is an American multinational company that specializes in photonics. It serves datacenter, communications, and industrial markets.