What’s Going On With Salesforce Stock Tuesday?

by | Feb 10, 2026 | General

Salesforce Inc. (NYSE:CRM) stock fell Tuesday after reports surfaced of recent workforce cuts affecting fewer than 1,000 employees.

The layoffs took place earlier this month and impacted teams across marketing, product and data, Business Insider reported on Tuesday, citing people familiar with the matter. Salesforce has not publicly disclosed the layoffs.

The cloud software company has also appointed six new or promoted executives to lead businesses, including Agentforce and Slack, replacing five high-profile leaders who have announced their departures since December, according to a separate report by the publication.

AI Driving Broader Industry Layoffs

The job cuts come as many tech companies trim staff while expanding their use of artificial intelligence, which is beginning to replace some routine work and reduce the need for certain roles.

In 2025, AI was cited as a reason for more than 54,000 layoffs, according to a December report from the consulting firm Challenger, Gray & Christmas.

Amazon.com Inc. (NASDAQ:AMZN) laid off 16,000 workers in January, following 14,000 job cuts in October.

In September 2025, Salesforce cut 4,000 customer support jobs. CEO Marc Benioff confirmed the move on the Logan Bartlett Podcast, saying the firm’s support team had been reduced from 9,000 to 5,000 employees.

Earnings & Analyst Outlook

Investors are looking ahead to the next earnings report on February 25, 2026.

  • EPS Estimate: $2.69 (Down from $2.78 YoY)
  • Revenue Estimate: $11.18 billion (Up from $9.99 billion YoY)
  • Valuation: P/E of 25.9x (Indicates premium valuation)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $325.24. Recent analyst moves include:

  • Piper Sandler: Overweight (Lowers Target to $280.00) (Feb. 3)
  • Barclays: Overweight (Raises Target to $338.00) (Jan. 12)
  • RBC Capital: Sector Perform (Raises Target to $290.00) (Jan. 5)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Salesforce, highlighting its strengths and weaknesses compared to the broader market:

  • Value: Weak (Score: 7.28) — Trading at a steep premium relative to peers.
  • Growth: Strong (Score: 65.51) — Indicating solid growth potential.
  • Quality: Strong (Score: 73.45) — Reflecting a healthy balance sheet.
  • Momentum: Weak (Score: 7.09) — Stock is underperforming the broader market.

CRM Price Action: Salesforce shares were down 2.49% at $189.20 during premarket trading on Tuesday. The stock is trading near its 52-week low of $185.73, according to Benzinga Pro data.

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