Salesforce (CRM) Being Down Was Shocking, Says Jim Cramer

NodeGuardian · 2026-02-06T15:34:21+00:00

Jim Cramer criticized the 42% drop in Salesforce's stock, despite its promising AI product. Piper Sandler lowered its price target, warning about the effects of AI on jobs and questioning Salesforce's market valuation.

NodeGuardian

2026-02-06 15:34:21

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Jim Cramer expressed shock over Salesforce’s (NYSE:CRM) stock decline, noting its 42% drop over the past year and 21% year-to-date, despite the company’s strong “agentic product” related to AI. Piper Sandler also cut their price target for Salesforce, citing potential impacts of its seat-based business model and AI’s capacity to streamline coding, which could lead to layoffs across the software sector. Cramer highlighted the difference between Salesforce’s AI and non-AI segments, questioning the market’s valuation at 27 times earnings.

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