U.S. equity markets remained closed on Monday in observance of Washington's Birthday, with trading scheduled to resume on Tuesday. This pause provides market participants additional time to assess pending developments for artificial intelligence cloud infrastructure provider CoreWeave Inc.
The company's stock last traded on Friday, February 16, 2026, closing at $96.04, representing a modest gain of approximately 0.3% for the session. This price level establishes the baseline as investors prepare for a consequential week that includes both legal and financial milestones for the technology firm.
Legal Proceedings Approach Critical Date
CoreWeave faces a March 13 deadline for investors to seek appointment as lead plaintiff in a securities class action lawsuit currently pending in the U.S. District Court for the District of New Jersey. The case, formally captioned Masaitis v. CoreWeave, Inc., et al., was initially filed on January 12, 2026, and names both the corporation and several executive officers as defendants.
Legal filings allege that CoreWeave materially overstated its capacity to fulfill customer demand while simultaneously minimizing disclosure of risks associated with its dependence on a single third-party data center supplier. The complaint specifically references construction delays at a data center cluster located in Denton, Texas, and contends that subsequent market reactions to disclosures about these delays demonstrate the materiality of the alleged misstatements.
"Our investigation focuses on the apparent discrepancy between the company's public assurances regarding infrastructure readiness and the operational realities suggested by construction timeline setbacks," stated Reed Kathrein, a partner at Hagens Berman Sobol Shapiro LLP, in a release concerning the firm's probe. The legal proceedings create an overhang for the stock as the company prepares to report financial results.
Earnings Report Scheduled Amid Legal Scrutiny
The timing of this legal deadline creates a complex backdrop for CoreWeave's upcoming financial disclosure. The company is scheduled to report its fourth-quarter and full-year 2025 financial results after market close on Wednesday, February 26, 2026. A conference call with management is slated for 5:00 p.m. Eastern Time that same day.
Analysts and investors will likely focus their questions on several key areas during the earnings call: current infrastructure capacity, capital expenditure plans for future build-outs, supply chain reliability, and any potential financial or operational implications stemming from the ongoing litigation. The proximity of the earnings report to the March 13 legal deadline ensures that management commentary will be scrutinized for any insights relevant to the lawsuit's allegations.
Analyst Sentiment and Strategic Partnerships
Despite the legal uncertainty, sell-side analyst coverage has maintained a generally constructive outlook on CoreWeave's business fundamentals. DA Davidson recently reaffirmed its Buy rating on the stock with a price target of $110. In a research note cited by financial data aggregators, analyst Alex Platt highlighted the strategic importance of CoreWeave's relationship with semiconductor giant NVIDIA Corporation.
"The agreement with NVIDIA provides CoreWeave with the necessary support to sustainably build their future infrastructure," Platt noted. This partnership represents a cornerstone of the bullish investment thesis for CoreWeave. In late January 2026, NVIDIA invested $2 billion in CoreWeave at a price of $87.20 per share. Company management indicated these funds would be allocated toward broader infrastructure expansion needs rather than specifically for purchasing NVIDIA processors.
Execution Risks and Previous Guidance Revision
The bear case for CoreWeave centers on execution risk and capital requirements, particularly when data center construction faces delays. These risks materialized in November 2025 when the company revised its annual revenue forecast downward following a delay at a third-party data center partner. This announcement precipitated a decline in share price during after-hours trading.
The current lawsuit allegations echo these concerns, suggesting that dependency on external suppliers for critical infrastructure represents an ongoing operational vulnerability. Investors will monitor the February 26 earnings call for updates on construction timelines, partner relationships, and whether previous delays have been resolved or continue to affect capacity planning.
Market Context and Forward Outlook
With equity markets closed Monday, the next indication of investor sentiment will emerge when trading resumes Tuesday morning. The subsequent earnings report on February 26 will provide a more substantive data point regarding the company's financial health and operational trajectory.
The coming weeks present a dual challenge for CoreWeave management: delivering strong financial results and providing transparent communication to reassure investors concerned about legal liabilities. The outcome will influence whether the stock can maintain momentum above its recent closing level or whether legal and execution concerns will pressure valuation. The period between the earnings release and the March 13 court deadline will be particularly telling for both equity holders and legal observers.
