Davy \d(a)-vy\ as a girl's name (also used as boy's name Davy), is a variant of Davina (Scottish, Hebrew), and the meaning of Davy is "beloved".
The baby name Davy sounds like Tavy, Daffy, Davia, Deva, Devi, Dove, Dova and Tava. Other similar baby names are Dacy, Daly, Dany and Day.