Lightspeed Commerce (LSPD) shares jumped by more than 14% yesterday afternoon after Reuters reported that the company was exploring a sale and has engaged JPMorgan (JPM) to assist it with its effort to find a buyer, notes Benchmark analyst Mark Palmer, who contends that the company is “well positioned to attract multiple suitors,” including private equity firms, and draw “premium bids.” Benchmark has a Buy rating and $20 price target on Lightspeed shares, which closed Wednesday with a gain of 13% to $15.68 and is near $16 per share in Thursday pre-market trading.

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