It's hard to figure out how some points deserve a name and others don't. This one definitely doesn't. It's no more than a little prominence at the end of a ridge.
and then part way over to South Slide for a look at the route.
4th out of 5 peaks this wonderful day in the Park. http://www.willhiteweb.com/mount_rainier_national_park/sourdough_mountains/palisades_trail_218.htm