No. I do not believe that once a spike always a spike. Actually I have seen proof of a spike buck that grew into a gnarly buck that pushed the 180 mark. He's just a kid. Leave him alone. Heck, a brute might want him out of that area and come runnning into your sights.
I agree with tom once a spike always a spike is a myth. I believe a spike will grow and depending on environment and all could become a very nice buck. This is only a yearling and he needs time to mature give him the chance and you could be very surprised what this guy looks like in a few years.