Uber Technologies stock gains as debut euro bond and Scotiabank rating highlight financing shift

Uber Technologies Inc. stock (ISIN US90353T1007) is trading around USD 73.13 on the New York Stock Exchange as of September 8, 2026, a level that some valuation models see as about 26.3 percent below an intrinsic value estimate near USD 99.28.

Euro bond debut reshapes Uber's funding mix

On September 9, 2026, Uber Technologies announced plans for its inaugural euro bond issuance, targeting a five-part offering that aims to raise about EUR 4.5 billion, or roughly USD 5.2 billion, in the European debt market.GuruFocus reports that this debut euro bond deal is designed to diversify Uber's financing base beyond its historical reliance on US dollar debt and to support European operations.

According to Bloomberg on September 9, 2026, Uber's euro bond transaction is structured in multiple tranches and is expected to price later that day, underscoring how the company is joining a broader wave of US issuers tapping euro-denominated funding.

Valuation and insider buying support the stock

Based on data cited by GuruFocus, Uber Technologies stock traded at USD 73.13 as of September 8, 2026, compared with a GF Value metric of USD 99.28, implying a discount of about 26.3 percent to that intrinsic value estimate.

In addition, GuruFocus notes that Uber's trailing twelve months price-to-earnings ratio stands around 16.07, below a five-year median P/E of roughly 17.61, which supports the view that the shares trade at a lower multiple than their recent history.

Insider activity has also been supportive: on September 4, 2026, Uber's Chief Operating Officer Andrew Macdonald purchased 70,000 shares at about USD 75.83 per share, a transaction valued at roughly USD 5.3 million.eOption highlights that this insider buying has occurred alongside the euro bond announcement, reinforcing management's confidence in Uber's prospects.

Scotiabank initiates coverage with Outperform and USD 100 target

On September 9, 2026, Scotiabank initiated coverage of Uber Technologies stock with an Outperform rating and a price target of USD 100, adding a fresh analyst perspective to the name.eOption and DailyTradeAlert both report the initiation, while a note summarized by Goldesel emphasizes that the call is anchored in expectations for growing demand in ride-hailing and on-demand delivery.

The USD 100 target from Scotiabank sits about 36.7 percent above the recent NYSE closing price of USD 73.13 on September 8, 2026, indicating that the analyst sees notable upside potential if Uber can deliver on its strategy and benefit from the euro bond-funded expansion.

Stock price and trading context

Per market data cited by GuruFocus, Uber Technologies stock closed at USD 73.13 on the NYSE on September 8, 2026, within a 52-week trading range from USD 65.41 to USD 101.99 as of that date.

That closing level leaves the shares about 11.8 percent above the 52-week low and 28.3 percent below the 52-week high, a span that illustrates both the recovery from earlier lows and the distance still remaining to the top of the recent range.

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