J.P. Morgan Says Coinstar's RedBox Will Peak in 2011, Then Decline

J.P. Morgan has recently come out with a research report about Coinstar CSTR. The report states that Coinstar's growth will peak in 2011, and begin to decline in 2012. They feel that this will be due to greater competition between Coinstar's RedBox and online streaming media, namely NetFlix NFLX. The analysts at J.P. Morgan feel that unlike previously reported estimates of 60,000 RedBox units, deployment will possibly be as low as 45,000 units. In addition, this deployment will, according to the analysts, peak in 2011, and begin to decline in 2012. The new price target is set to $48.