No. You have to understand how ICMP requests work.
When you do a trace route, Your system sends an ICMP request to each router (hop) along the route and requests a reply. If it's the router time to reply then that server must generate a reply and send it back to you. ICMP replies are considered low priority on servers and are usually throttled, more so if the sever is already busy (QoS rules apply). If the sever is already running at it's peak return rate for ICMP requests then yours is delay until it can respond. This then give you a high latency time on that hop as the sever decided to delay replying to you as it was busy doing something else. This does not mean the sever is lagging it merely means that the server chose to respond slowly your ICMP request.
The indication of a problem sever comes in the next hop. This is because the ICMP request directed at hop 12 MUST be routed through hops 1-11 first. So the trace route shows hop 11 was slow to reply to a ICMP directed at it, but as hop 12 is normal, this means hop 11 passed the data to hop 12 quickly. This perfectly shows that hop 11 is deliberately delaying its replies to ICMP requests (likely due to excessive requests), but is handling normal data perfectly fine as data that transitions through 11 is unaffected by the latency spikes.
This means that a trace route only indicates an issue if a hop and every hop after it shows an issue. If 1 single hop in the middle is slow, but all others are fine then this almost certainly means that a sever is working fine and is just delaying ICMP replies. It simply isn't possible for a server to be problem, but data further down the line to be 100% fine. The TLDR of it is that if your final hop (the destination) is normal, then all other hop replies are meaningless.
If you want a far more detailed and technical explanation then this will fill you in - http://cluepon.net/ras/traceroute.pdf