Only if he’s able to translate his second place status into successful fund raising:

Mike Huckabee said Sunday he’s vaulted into the top tier of Republican presidential hopefuls with his second-place finish in the Iowa Straw Poll.
The former Arkansas governor grabbed 18 percent of the 14,000 non-binding votes cast Saturday, well behind first-place finisher Mitt Romney, the former Massachusetts governor, but ahead of Sen. Sam Brownback, R-Kan., and the rest of the Republican pack — including Rudy Giuliani, John McCain and Fred Thompson, whose names were on the ballot but who didn’t campaign.
“It wasn’t just that we surprised people with a second showing. It’s that we did it with so few resources,” Huckabee said on CBS’ “Face the Nation.”