Pareto Securities expects significant upward revisions to estimates for the home automation company Plejd after the Q1 report smashed expectations.The operating profit of SEK 107 million came in 46% higher than both Pareto and consensus had expected, while revenue exceeded the same expectations by 10%.Pareto notes that the Netherlands shows a clear improvement, which supports Plejd’s expansion case in Europe.The research house currently has a Buy recommendation and a target price of SEK 1,000 on Plejd, which is surging 12.8% in the wake of its strong interim report.