yes, following the dictionary, you're quite right:
cute [kyoot] Show IPA
adjective, cut·er, cut·est.
attractive, especially in a dainty way; pleasingly pretty: a cute child; a cute little apartment.
appealing and delightful; charming: What a cute toy!
affectedly or mincingly pretty or clever; precious: The child has acquired some intolerably cute mannerisms.
mentally keen; clever; shrewd.